U.S. Stock Futures Rise Ahead Of Key Inflation Data

  • U.S. stock futures rose early Friday as investors held tight for updates on the debt ceiling negotiations and awaited the Federal Reserve’s preferred inflation metric.
  • While tech outperformance, following Nvidia’s earnings, largely drove Thursday’s gains on Wall Street, there were also positive signs on the U.S. debt limit. President Joe Biden and House Speaker Kevin McCarthy both said negotiators were making progress Thursday.
  • “With that more positive backdrop to the talks, there were clear signs of market stress starting to ease again,” Deutsche Bank strategist Jim Reid said, noting that the yield on the T-bill maturing on June 8 fell more than 30 basis points.
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