Stock futures inch lower after rocky start to 2023

Stock futures inched lower in overnight trading Tuesday after markets kicked off 2023 on a sour note.

Six of the 11 major S&P sectors closed lower, led to the downside by energy. The sector was the best performer in 2022 as oil prices boosted energy stocks. Communication services gained about 1.4%, led to the upside by Meta Platforms and Walt Disney.

. The Federal Reserve and its tightening plan hang over markets in the near term, along with fears of a looming recession. Friday's December jobs report also will be closely watched as it is the last read on the labor market before the Fed meeting in February.

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