US equity futures rise about 0.7% after CPI
S&P 500, Dow and Nasdaq 100 futures were around 0.7% higher, while long-dated Treasury yields eased from multi-year highs as oil prices paused their surge.
US equity futures were higher on Friday, ending four straight sessions of declines as oil prices and Treasury yields paused their recent surge despite evidence of elevated inflation. 7% higher. Long-dated Treasury yields eased from their multi-year highs as fuel prices stopped extending this week's rally, which had been driven by the wave of strikes between the US and Iran in the Persian Gulf. 4%, reinforcing bets that the Fed is due to raise rates on Wednesday.
Credit-sensitive sectors, including debt-heavy AI hyperscalers and banks, were still lower for the week even though they edged higher premarket. 5% after reporting a surge in cloud infrastructure revenue.