Stock futures rise slightly ahead of Friday’s key inflation report

Stock futures rise slightly ahead of Friday’s key inflation report


Traders on the floor of the NYSE, June 8, 2022.

Source: NYSE

Stock futures moved slightly higher on Thursday evening ahead of a highly anticipated inflation report.

Futures tied to the Dow Jones Industrial Average added 33 points, or 0.1%. Those for the S&P 500 and Nasdaq 100 gained about 0.1% each.

Before the opening bell on Friday, investors will get a look at the May consumer price index report. Economists surveyed by Dow Jones are expecting year over year increases of 8.3% for the main index and 5.9% for the core index, which excludes food and energy prices.

If the report matches expectations, or shows slower gains, then Wall Street could take it as a sign that inflation may have peaked and that the Federal Reserve may need to be less aggressive later in the year.

The move in futures comes after stocks fell sharply during Thursday’s regular session, with the S&P 500 and Nasdaq Composite each falling more than 2%. The Dow closed down more than 600 points, losing roughly 400 points during a rough final hour of trading on Wall Street.

For the week so far, the Dow is lower by 1.9%, on track for its 10th down week in the past 11. The S&P 500 and Nasdaq Composite are both off by more than 2%, on track for their ninth losing week in 10.

“I think there’s still a pretty high degree of pessimism that helps underpin the market, and the back-and-forth action is really the market trying to make sense of the next direction and waiting for news flow,” said Yung-Yu Ma, chief investment strategist at BMO Wealth Management.

Later on Friday, a preliminary consumer sentiment reading for June is due out after the stock market opens.



Source

Trump says 80% tariff on China ‘seems right’ ahead of U.S.-Beijing trade talks
World

Trump says 80% tariff on China ‘seems right’ ahead of U.S.-Beijing trade talks

US President Donald Trump, alongside Treasury Secretary Scott Bessent (R), speaks during a bilateral meeting with Prime Minister of Norway Jonas Gahr Store in the Cabinet Room of the White House in Washington, DC, on April 24, 2025. Saul Loeb | Afp | Getty Images President Donald Trump said in a social media post Friday […]

Read More
IAG orders 71 long-haul jets split between Airbus and Boeing
World

IAG orders 71 long-haul jets split between Airbus and Boeing

Passenger aircraft, operated by British Airways Plc, at Heathrow Airport Terminal 5. Bloomberg | Bloomberg | Getty Images British Airways owner IAG on Friday unveiled plans to buy 71 long-haul aircraft from Airbus and Boeing, sharing a major fleet expansion across the Atlantic a day after Britain and the U.S. announced a trade deal. The […]

Read More
Germany’s new economy boss has a plan — and it starts with risk, speed and big bets
World

Germany’s new economy boss has a plan — and it starts with risk, speed and big bets

09 May 2025, Bavaria, Gmund Am Tegernsee: Katherina Reiche (CDU), Federal Minister for Economic Affairs and Energy, takes part in the Ludwig Erhard Summit. Representatives from business, politics, science and the media are taking part in the three-day summit. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images) Picture Alliance | Picture Alliance […]

Read More