Stock market news today: US stocks set for rebound after key Fed-watched inflation data

US stocks rose before the bell on Friday, poised for another comeback bid as investors waited for crucial inflation data that will test high expectations for interest-rate cuts. Dow Jones Industrial Average futures added 0.6%, or about 200 points, after the blue-chip index eked out a closing gain. S&P 500 futures rose about 0.8%, while Nasdaq 100 futures climbed 1.1%, both coming off a failed attempt to rebound from this week's tech-led sell-off.

That pause in this year's rally has Wall Street questioning whether the sell-off is a turning point to sustained lower prices or a typical bull-market pullback. In play are earnings-fueled concerns about softness in the US economy, though Thursday's surprisingly hot GDP print eased those somewhat. Friday's big data point was the closely watched Personal Consumption Expenditures index, which provided more fuel to the notion of a still-strong economy and gradually cooling inflation.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: US stocks edge lower as investors watch for cuesInvestors are wondering whether the recent rough ride for stocks is a sign of a coming retreat.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks set for rebound as investors wait for key inflation dataInvestors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: World stocks fall as investors are underwhelmed by Big Tech earningsWorld stocks fell Wednesday as the earnings reporting season ramped up for big companies, with investors showing a lack of enthusiasm for results so far.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow leads stock comeback from steep sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »