Traders work on the floor of the New York Stock Exchange during morning trading on February 14, 2024 in New York City.
Michael M. Santiago | Getty Images
Stock futures were mixed on Friday morning as investors awaited new U.S. inflation data, continuing strong momentum across markets.
S&P futures Although it rose by 0.2%, Nasdaq-100 Futures rose 0.6%.futures tied to Dow Jones Industrial Average It fell 41 points (0.1%).
January's producer price index is scheduled to be released at 8:30 a.m. ET. Economists polled by Dow Jones expected a 0.1% rise. The number of housing starts and building permits are also published.
Investors have been on fire this week, especially after stronger-than-expected consumer price index data released this week and a surprisingly large drop in January retail sales that could signal further weakness in consumer spending. spent assessing the direction of the U.S. economy.
“It's not all bad news” about yield levels, said Adam Turnquist, chief technical strategist at LPL Financial. “Market expectations and the Federal Reserve's monetary policy outlook are more closely aligned, reducing sources of market volatility.Furthermore, better-than-expected economic data has pushed the market to cut rates again. This is a hard-landing scenario. ”
On Thursday, the S&P 500 closed at an all-time high. The Dow and Nasdaq also posted gains.
For the week, the general market index rose less than 0.1%. Meanwhile, the Dow Jones Industrial Average rose 0.3% for the week after posting its biggest one-day loss since March 2023 on Tuesday. Meanwhile, the Nasdaq fell 0.53%.
In corporate news, food delivery service stock prices door dash Digital advertising companies fell 7.4% with bigger-than-expected losses. trade desk The company rose about 18.9% after beating analysts' fourth-quarter sales expectations and providing a positive outlook for the first quarter.Stock prices of semiconductor manufacturing equipment manufacturers applied materials The stock also rose 12% due to the strong results.
