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.

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