US stock futures ticked higher as Wall Street awaited August’s Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation gauge, amid uncertainty over central bank policy.
Futures attached to the Dow Jones Industrial Average (YM=F) hovered just above the flatline. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%.
Stocks on Thursday logged a third straight day of losses. A surprise jump in GDP growth and decline in jobless claims shook investor confidence that more interest rate cuts this year are a sure bet. Jitters about the sustainability of the AI boom also unnerved Wall Street amid a series of major Big Tech moves in the sector this month.
Meanwhile, President Trump signed an order approving a $14 billion TikTok deal, though China still needs to sign off on the agreement. Fed governor Lisa Cook also urged the Supreme Court to reject Trump’s attempt to fire her over alleged mortgage fraud, saying it would cause “chaos and disruption” in markets.
The economy’s mixed signals and signs of division among Fed policymakers have amped up anticipation for the release of the August PCE report. Investors are looking for reassurance that inflation hasn’t risen so fast that it could threaten the two rate cuts the Fed has projected for this year. The report is set to be released at 8:30 a.m. ET and is expected to show an easing in price pressures.
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Stock market coverage for Friday, September 26, 2025.
