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U.S. stock futures edged higher Friday ahead of inflation data, which could be the most important data release left this year.
What’s happening
-
Futures on the Dow Jones Industrial Average
YM00,
+0.26%
rose 108 points, or 0.3%, to 33316. -
Futures on the S&P 500
ES00,
+0.19%
gained 9 points, or 0.2%, to 3858. -
Futures on the Nasdaq 100
NQ00,
+0.16%
increased 17.5 points, or 0.2%, to 11072.
On Thursday, the Dow Jones Industrial Average
DJIA,
fell 332 points, or 0.99%, to 33044, the S&P 500
SPX,
declined 49 points, or 1.27%, to 3829, and the Nasdaq Composite
COMP,
dropped 188 points, or 1.76%, to 10521.
What’s driving markets
The release of the Fed’s preferred inflation measure, the PCE price index, is set for release, alongside personal income and consumer spending data.
Economists polled by the Wall Street Journal expect core PCE to have climbed 0.2% for a second month.
Also due to be released will be durable-goods orders for November, and at 10 a.m., the final University of Michigan consumer sentiment reading, as well as new-home sales.
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