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.

Stocks moved lower Friday, putting major indexes on pace to post weekly losses as the election-fueled rally that stocks to a series of record highs fizzled.

Dow Jones Industrial Average futures, an early indicator of the US equity benchmark, inched higher minutes before the opening bell on Wall Street on Thursday. At 6:50 pm in India, DJIA futures were trading up 94 points,