U.S. equity futures looked to continue the rally in stocks that was sparked on Thursday following a better-than-expected inflation report.
The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in October from the previous month. Prices climbed 7.7% on an annual basis. The yield on the 10-year Treasury, which helps set rates for mortgages rates for mortgages and other loans, was at 3.81% on Friday.
Prices were still set to show a decline for the week after COVID-19 cases in top oil importer China jumped, raising fears of weaker fuel demand.Brent crude futures traded around $94.00 a barrel.
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Stuart Varney has gone off the rails as a never Trumper. Maybe it’s time for HIM to go or move over to MSNBC. The crazy, old traits have taken hold and he doesn’t seem to remember how Biden and Kamala were rivals before hooking up as a word salad duet fit for Shady Acres.
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