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US stock futures retreated on Friday morning, tracking steeper losses in Europe. The S&P 500 is up 4.3% so far this week.
US equity funds took in $20 billion on Wednesday, the biggest daily addition in five months, according to Bank of America.
Fed Chair Jerome Powell said he would not resign from his role if asked to do so. The comment follows the Fed's decision Thursday to cut rates by 25 bps. The dollar remains subdued, with a gauge of the greenback set for the first weekly loss since September.
US stocks hit fresh all-time highs after Federal Reserve Chair Jerome Powell said the economy is strong. The central bank cut interest rates by 25 basis points — as expected.
The Treasury market managed only a small rebound from Wednesday's selloff, triggered by the Fed rate decision and jobless claims data showing some softening in the labor market. The 10-year Treasury yield slid about 11 basis points Thursday to 4.33%.
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