Stock market news today: Stock futures dip as Fed rate hopes dim

News Snapshot:

Stock futures on Wall Street slipped amid the year's best rally as confidence fades that the Federal Reserve won't hike interest rates again this year. Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) futures were both down around 0.3%, poised to lose hold of a notable stretch of gains. Futures on the tech-heavy Nasdaq 100 (^NDX) fell over 0.2% Signs of a weaker US economy suggested to the market that the Fed could ease up on its tightening campaign. But investors were reassessing those hopes after Minneapolis Fed President Neel Kashkari said on Monday the central bank likely has...