US stock futures edged broadly higher on Friday as investors assessed a rapid jump in US consumer inflation in the wait for weekend talks hoped to cement the shaky Iran war ceasefire.
Contracts on the S&P 500 (ES=F) and on the tech-heavy Nasdaq 100 (NQ=F) both rose 0.2% on the heels of a seventh winning day in a row. But Dow Jones Industrial Average futures (YM=F) were little changed after solid closing gains pushed the blue-chip index into positive territory for 2026.
The release of consumer price index (CPI) data on Friday showed annual headline inflation soared in March to 3.3%, for the largest monthly gain since 2022. The rapid acceleration from February’s level of 2.6% came as the US-Iran war sent gas prices skyrocketing.
Investors are now focused on the Iran-US talks slated to occur this weekend, looking for signs the fragile two-week truce might lead to a longer-lasting plan for peace. Ahead of the meeting, President Trump ramped up pressure on Iran to lift its blockade of the Strait of Hormuz, with little sign of success. Traffic through the world’s most critical chokepoint for energy supply is still thin.
Oil futures were broadly flat, erasing the slight gains that followed Saudi Arabia’s warning that Iran’s recent attacks have lowered its production capacity. US benchmark West Texas Intermediate futures (CL=F) hovered just above $97 a barrel, while the international counterpart Brent crude futures (BZ=F) slid below $96.
LIVE 8 updates
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Consumer prices soar by the most since 2022 as gas prices bite
Consumer prices in March saw the largest monthly gain since 2022 as the US-Israel war against Iran sent gas prices skyrocketing past $4 a gallon.
Yahoo Finance’s Emma Ockerman reports:
Read more here.
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Chips are still where the AI trade’s rubber meets the road
Investing in the hardware piece of the AI trade just got more validation.
Yahoo Finance’s Hamza Shaban lays out how:
Read more here in the takeaway from today’s Morning Brief.
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S&P 500 is back above a key level, putting stock market bulls in control: Chart of the Day
Yahoo Finance’s Jared Blikre reports:
The S&P 500 (^GSPC) just reclaimed its 200-day moving average again, tilting the stock market back toward the bulls.
See label (5) on this chart:
It’s never quite that simple, but it doesn’t need to be much more complicated.
The last time the index broke below the 200-day moving average — in March 2025, near label (4) — it lost the line, then bounced back to test it from underneath before selling off hard after “Liberation Day” on April 2. When the S&P later reclaimed that average, it tested it from above. Then it took off.
Those two retests — first from below, then from above — were textbook.
Read more here.
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TSMC sales smash quarterly record as Iran war fails to dent AI demand
TSMC (TSM), the world’s largest contract chipmaker, posted a 35% surge in first quarter revenue on Friday, beating Wall Street forecasts thanks to unabated interest in AI applications.
Shares of the Taiwanese supplier to Nvidia (NVDA) rose 2% in premarket trading on Wall Street.
Reuters reports:
Read more here.
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CPI inflation data expected to show energy price spike amid early impacts of Iran war
Government data out Friday will show how much consumer prices rose in March — and forecasts point to soaring inflation, notes Yahoo Finance’s Emma Ockerman.
She reports:
Read more here.
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Gold on track for third consecutive week of gains as Iran war bolsters haven demand
Bloomberg reports:
Gold (GC=F) was headed for a third weekly gain, as hopes for a diplomatic resolution to the war in Iran and sustained buying by central banks outweighed persistent risks around inflation.
Read more here.
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Oil rises as Saudi Arabia loses production capability following drone strikes
Bloomberg reports:
Read more here.
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Meta shuts down ads looking for plaintiffs in social media addiction lawsuit
Reuters reports:
Read more here.
