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Stock Market Today: Stocks higher, Treasury yields slide, inflation in focus

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Soft inflation data from Europe, as well as a pullback in the dollar, has stocks looking to close out a bruising September on a high note Friday.

U.S. equity futures moved higher Friday, while the dollar and Treasury yields retreated, as investors looked to close out the month of September on a high night while tracking inflation data at home and aboard.

That's pushed global government bond yields lower across the board, with benchmark U.S. Treasury notes – which have largely dictated trading on Wall Street this week – easing to 4.54% in overnight trading. Futures linked to the Dow Jones Industrial Average, meanwhile, suggest a 133 point advance while those linked to the tech-focused Nasdaq were priced for a 105 point gain amid the pullback in Treasury yields.

 

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