Stock futures were lower Friday as Wall Street headed for a losing week. Futures tied to the S&P 500 slid by 0.74%, while Nasdaq-100 futures lost 0.98%. Futures connected to the Dow Jones Industrial Average fell 190 points, or 0.56%. All three major averages are set to break multiweek win streaks. The Dow and S&P 500 have lost 1% and 0.6%, respectively, since the start of the week. The Nasdaq is down 0.4%, on pace to snap an eight-week win streak and post its worst weekly stretch since April. “The markets have been under a bit of pressure since the press conference and news release of the Fed the other week stating that they are not going to increase interest rates at this time, but are likely to increase rates again 1-2 times later this year,” said Yung-Yu Ma, chief investment strategist at BMO Wealth Management. These developments have given the market a “breather” as investors “come to terms” with the ongoing outlook for the central bank’s hiking campaign, he added. Investors bought up technology stocks during Thursday’s session after a three-day breather from the market rally, pushing the tech-heavy Nasdaq Composite up 0.95% and shares of Apple to a new all-time high. The S&P 500 added 0.37%, while the Dow Jones Industrial Average lost 4.81 points, pressured by shares of Boeing. Asia-Pacific markets were lower Friday as investors look to inflation data out of Japan and Singapore, as well as flash estimates from the au Jibun bank on Japan’s manufacturing and services activity. Hong Kong’s Hang Seng index slid 1.61% in its final hour of trade, leading losses in the region as it comes back from a public holiday, dragged by health-care and tech stocks. Mainland Chinese markets are closed for a public holiday Friday. In Japan, the Nikkei 225 pared some losses, but still fell 1.45% to 32,781.54, ending an eight-day run above the 33,000 mark. The Topix also fell 1.38%, mainly due to industrials and closed at 2,264.73. Japan’s core inflation rate in May eased slightly to 3.2% year-on-year, lower than April’s 3.4% but still above the BOJ’s 2% target. The May core inflation rate was slightly above the 3.1% expected by economists polled by Reuters. South Korea’s Kospi dropped 0.91% to close at 2,570.10 after a slight rebound on Thursday, with the Kosdaq also slipping 0.18% and ending the day at 874.94. Australia’s S&P/ASX 200 dropped 1.34% and closed at 7,099.2, marking a third straight day of losses. The decline follows its largest one-day fall in June on Thursday. Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies. Both crude benchmarks had dropped about $3 on Thursday after the Bank of England raised interest rates by a bigger-than-expected half a percentage point. Central banks in Norway and Switzerland also hiked rates. Brent crude slipped 59 cents, or 0.8%, to $73.55 a barrel at 0810 GMT, while U.S. West Texas Intermediate (WTI) crude was down 70 cents, or 1%, at $68.81. Gold hovered near a three month low on Friday and was set for its biggest weekly drop since February, as the dollar strengthened after U.S. Federal Reserve Chief Jerome Powell hinted about more interest rate hikes. Spot gold ticked up 0.2% to $1,917.63 per ounce but stayed close to a three-month low hit earlier in the session. Prices are down 2% for the week. U.S. gold futures rose 0.2% to $1,927.90. The dollar index drew support from risk aversion globally, making bullion less attractive for overseas investors.