The U.S. stock index futures ended the disrupted year on a slip, highlighted by Fed's hawkish interest rate hikes, the war in Ukraine and the worries of slow economy.

The Wall Street's main indexes are poised for a slump post achieving earnings for 3 consecutive years, impacted widely by the most rapid rate hikes in more than four decades aimed to combat the soared inflation.

Investors are currently escaping from risky assets and swarming towards safe havens like the greenback, the S&P 500 plunged by 19% while Nasdaq slipped by 33%.

The two indexes are heading towards touching the lowest annual level in 14 years.

Projections of companies’ earnings in 2023 is the centre of attention now, as the worries of potential recession is rising as a result of the aggressive rates hikes.

The technology stocks saw a drop ranging between 0.4% to 0.6% impacted by the surge of the U.S. treasury yields.

Predictions of 69% hover around 25bp raise next February during the upcoming Fed's meeting and rates are projected to touch its peak at 4.96% by the second half the year.

Dow e-minis dropped 98 points or 0.29% while S&P 500 e-minis slipped 13 points or 0.34%, and Nasdaq 100 e-minis retreated by 42.75 points or 0.39%.