Oliver Gray 

Investing.com – U.S. stock futures were flat in overnight trading Wednesday after major benchmark indices posted losses for a second consecutive session as investors digested the Federal Reserve’s plans to tighten monetary policy.

During Wednesday’s regular trade, the blue-chip fell more than 100 points, the slid 1% and the dropped another 2.2%.

The decline was 0.08%. However, it fell by 0.04%. It gained 0.06%.

Among stocks, technology declined during Wednesday’s regular deals, with Block Inc (NYSE:) down 5.3%, Amazon.com Inc (NASDAQ:) falling 3.2%, Microsoft Corporation (NASDAQ:) down 3.7%, Apple Inc (NASDAQ:) falling 1.9% and Alphabet Inc (NASDAQ:) down 2.9%.

Major financial players retreated as JPMorgan Chase & Co (NYSE:) lost 1.4%, Citizens Financial Group Inc (NYSE: ) dropped 2.2%; Bank of America Corp (NYSE 🙂 lost 1.1% Citigroup Inc (NYSE:) fell 2%.

Stocks of are available in extended agreements Levi Strauss & Co (NYSE:). rose more than 1% in extended trading Wednesday after reporting quarterly and revenue that topped analysts’ estimates.

According to policy news, Fed officials agreed to reduce $US95Billion per month from their asset holdings to fight rising inflation. However, the U.S.’s first interest rate hike was dampened by the war in Ukraine. In order to combat rising inflation, policymakers suggested that one or two 50-basis points interest rate increases might be necessary.

Rates on the bond market were 2.598%

Investors await Thursday morning’s data which will show that there have been 200,000 claims.