US equity futures steady ahead of CPI release
S&P 500, Dow, and Nasdaq 100 futures were about 0.5% higher as long-dated Treasury yields eased, with oil prices pausing their surge ahead of the CPI release.
US equity futures were firmer on Friday, recovering after four straight sessions of declines as oil prices paused their recent climb ahead of the key consumer inflation release. 5% higher. Long-dated Treasury yields slipped from multi-year highs after fuel prices stopped rising following repeated escalation to strikes between Iran and the US in the Persian Gulf. 4%.
Several FOMC members said high inflation could justify a hike at the Fed’s decision on Wednesday, weighing on credit-sensitive sectors this week before they stabilized in this session. Nvidia, Microsoft, Meta and Alphabet edged higher, though they remained on track for steep weekly losses. 5% premarket after reporting a surge in cloud infrastructure revenue.