Friday saw a rise in stock futures as investors expected a reading of the Federal Reserve’s preferred inflation gauge and as the major averages headed towards weekly losses.
Dow Jones Industrial Average futures saw a 250-point, or 0.6%, increase. Futures on the S&P 500 and the Nasdaq-100 increased by slightly more than 0.8% and 1%, respectively.
Wall Street evaluated the PCE price index for June, which is a favourite inflation figure for central bank policymakers.
The headline PCE increased by 2.5% from a year ago and by 0.1% on a monthly basis. That matched the projections of the economists Dow Jones surveyed.
Source (CNBC)
