Weekly Stock Market Update: Futures Slip, Powell and Inflation in Focus

US stock futures slipped slightly on Sunday night following two consecutive weekly losses for the S&P 500 and Dow Jones Industrial Average. The Dow futures fell by 60 points, while S&P 500 futures and Nasdaq 100 futures dipped roughly 0.2% and 0.3%, respectively. Investors are watching for the May data for the Empire State Index, which will show how New York State manufacturers feel about the economy, and are also anticipating China industrial output and retail sales data. The weak parts of the market remain weak and unable to rally, while the strong parts of the market are extended and vulnerable, according to BTIG's Jonathan Krinsky.