US stock futures point lower as data points to Fed hikes

Good news brings Fed hikes closer

S&P 500 futures are lower by 7 points as the market re-opens for the week after Memorial Day.

The index hit record highs last week but was unable to 'break out' in the way you would expect after a long period of consolidation. That's worrisome for the bulls and now with the US dollar on the march and the Fed likely to grow more hawkish, stocks could flounder.