Futures on the Dow Jones dipped 55 points, the S&P 500 futures and Nasdaq 100 futures both decline 0.2%.
I know that doesn't seem like a lot at first, but the timing of this could not be any more suspect with the inflation reading coming up.
Lauren Goodwin, of New York Life Investments said:
The Market could continue to reflect concerns around financial conditions tightening and earnings growth slowing down.
Friday is a day that everyone will be waiting for as the consumer price index reading for May will be coming out. This will really be a telling point as to whether the Fed will keep raising rates in 50-basis-point increments.