Stock Market News: Dow, S&P 500 Set to Open Up
U.S. stock futures are climbing Friday as investors digest positive earnings reports from Alphabet and Microsoft, while looking ahead to more key inflation data.
All three major stock indexes fell Thursday after weaker-than-expected U.S. gross domestic product data revealed a spike in core inflation in the first quarter. The probability of a rate cut by September–seen as the most likely date by traders–fell to 59% early Friday, from 70% a day earlier, according to CME’s FedWatch tool.
Inflation data will be in focus again Friday when the Federal Reserve’s preferred metric–the core personal consumption expenditures (PCE) index is released.
For live coverage and analysis of the PCE report, click here.