05.12.202512:42:23UTC+00US Futures Edge Up, PCE Awaited

On Friday, U.S. stock futures inched upwards, with contracts for the S&P 500 advancing by 0.2%, Nasdaq 100 futures climbing by 0.4%, and Dow Jones futures increasing by approximately 60 points. Investors are keenly anticipating the release of the postponed Personal Consumption Expenditures (PCE) report, which includes the Federal Reserve's preferred measure of inflation. Despite its significance, the report is not expected to alter the anticipated outcomes of next week's policy deliberation. Current market indicators suggest there is an approximately 87% probability of another Federal Reserve rate reduction, a factor that continues to bolster market optimism. In premarket activity, major technology stocks mostly exhibited gains: Nvidia rose by 0.4%, Microsoft by 0.3%, Amazon by 0.5%, Alphabet by 0.4%, Meta by 0.5%, and Broadcom by 1.2%, while Apple and Tesla remained around their previous levels. Conversely, Netflix shares declined by around 1.9% following the announcement of its agreement to acquire Warner Bros. Discovery. For the week, the S&P 500 has increased by 0.1%, positioned for its first consecutive weekly gain since October. The Nasdaq has gained 0.6%, and the Dow Jones has risen by 0.3%.