U.S. stock futures pointed to another day of losses Friday as investors absorbed the message of Fed Chair Jerome Powell that the central bank may not pursue rate cuts aggressively. Dow Jones Industrial Average futures fell 204 points, or 0.5%, to 43697.

U.S. equity futures edged lower in early Wednesday trading, while Treasury yields moved higher and the dollar steadied, as investors looked to a key inflation reading that could accelerate repricing of the so-called 'Trump Trade' and test the market's solid post-election rally.

Yields rose as investors await inflation data on Wednesday. The five-day election rally sputtered on Tuesday as the market turned its attention toward incoming economic data. Some parts of the Trump trade maintained momentum,