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Stock market today: US futures rise with key inflation data on deck

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US Stock Futures News

Dow Jones Industrial Average Futures,Nasdaq Composite,President Joe Biden

Investors are watching for a cooling in the Fed-favored PCE print to boost rate-cut hopes, as they assess Biden's faltering performance in the Trump debate.

US stock futures rose on Friday ahead of an inflation reading key to Federal Reserve policy, as investors weighed signs of slowing in the US economy and absorbed the fallout of the Biden-Trump debate. S&P 500 futures advanced roughly 0.4% after the benchmark closed a step nearer to its record high. Contracts on the tech-heavy Nasdaq 100 were also 0.4% higher, while Dow Jones Industrial Average futures hovered above the flatline.

With November's US election high on the list of risks, investors took note of President Joe Biden's weak showing in his first debate with Donald Trump. The former president's promised tax cuts and trade clampdown are seen as likely to boost stocks. Shares in Trump Media & Technology Group jumped in pre-market trading. The marquee event on Friday is the release of May's Personal Consumption Expenditures price index, the Fed's preferred inflation measure.

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