Futures Surge Ahead of August CPI Report as Equities and Oil Prices Remain on Edge
US stock futures pointed higher on Friday as investors geared up for the August CPI report, which will serve as the final major inflation test before next week's Federal Reserve meeting.
The Dow Jones Industrial Average futures rose about 300 points or 0.5%, while S&P 500 and Nasdaq 100 contracts gained roughly 0.5% and 0.6%, after four straight losing sessions.
Oil prices offered some relief, with Brent crude retreating from an overnight peak near $110, but remaining above $106.
The 10-year Treasury yield hovered around 4.95%, leaving equities highly sensitive to the inflation print.
Analysts noted that a firm headline reading driven by energy could strengthen the case for an immediate hike, while a softer core number would give equities and Treasuries room for a relief rally.