Stock futures pointed higher Friday as Wall Street awaited a fresh measure of U.S. inflation and investors closed out what has been the worst month of the year for equities.Nike stock surged 9.5% in premarket trading after the athletic apparel company reported fiscal first-quarter profit that beat analysts’ estimates. Nike said inventories fell 10% in the period. The company also reaffirmed its fiscal-year outlook and issued upbeat guidance for its second quarter.
Ford rose 0.5%, General Motors was up 0.7%, and Stellantis rose 0.5% as another strike deadline looms for the auto makers. The United Auto Workers said more workers would go on strike if enough progress wasn’t made in talks with the companies. UAW President Shawn Fain said he would provide a strike update at 10 a.m. Eastern on Friday.
Bumble gained 4% in premarket trading after the dating app company was upgraded to Buy from Hold at Loop Capital.
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