U.S. equity futures traded lower Friday morning, starting the new month the same way the old month ended.
The major futures indexes suggest a decline of 0.3% when the opening bell rings on Wall Street.
On Thursday, Wall Street closed out its worst quarter since the onset of the COVID-19 pandemic in early 2020. It was the worst first half since the first six months of 1970.
|I:DJI||DOW JONES AVERAGES||33963.84||-106.58||-0.31%|
|I:COMP||NASDAQ COMPOSITE INDEX||13211.806896||-12.18||-0.09%|
The S&P 500 fell 0.9%, its fourth consecutive drop, to 3,785.38. The benchmark index is now down 21% since it hit an all-time high at the beginning of the year. It entered a bear market earlier in June.
The Dow Jones Industrial Average fell 0.8%, to 30,775.43. The Nasdaq slid 1.3% to 11,028.74.
Technology companies were among the biggest weights on the market, as investors continued to favor utilities and other traditional defensive stocks. Apple fell 1.8%, while Exelon rose 2.2%.
Reports on manufacturing activity and construction spending highlight Friday's economic calendar.
Bitcoin traded around $19,000.
In energy trading, benchmark U.S. crude traded around $105 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, was at $114 a barrel.
In Asia, Japan's benchmark Nikkei 225 dropped 1.7%, and China's Shanghai Composite slipped 0.3%. Hong Kong's markets were closed for a holiday.
The yield on the 10-year Treasury fell to 2.99%.
The Associated Press contributed to this report.