Stock futures rose early Friday ahead of key inflation data as the S&P 500 and Nasdaq Composite indexes eyed a fourth consecutive day of gains.
Futures on the S&P 500 were 0.2% up early in the day and Nasdaq futures were rising 0.4%, while Dow Jones Industrial Average futures were down 15 points, or less than 0.1%. The Dow closed lower Thursday, while the other two main indexes notched extended their winning streak to three days.
The Federal Reserve’s preferred inflation metric–the core personal consumption expenditures (PCE) price index–is likely to be the main event for markets on Friday. It’s the first PCE data since late September and comes just days before the central bank’s next rate decision on Dec.10.
