S&P 500 futures experienced selling pressure to close out the week, trading down roughly 1% near the 7,450 level. The pullback follows three consecutive all-time closing highs established earlier in the week. Market sentiment faced headwinds from higher-than-anticipated inflation data and rising Treasury yields, which climbed to their highest levels in over a year. Adding to the complex environment, WTI Crude Oil futures maintained strength near the 105 level, while Friday's options expiration cycle prompted additional repositioning. The rate-sensitive Russell futures saw the heaviest selling, dropping 2% amid the shifting rate expectations. Despite the daily decline, major equity indices remained positioned to close higher on a week-over-week basis.
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