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24.10.202500:14:27UTC+00US Futures Steady Ahead of Key CPI Report

On Friday, US stock futures remained relatively stable as investors prepared for a critical inflation report that could influence economic forecasts and interest rate decisions. This report, delayed due to the ongoing government shutdown, is anticipated to reveal persistently high prices, coinciding with expectations of a Federal Reserve rate cut scheduled for next week. In the corporate sector, Intel shares surged nearly 8% in after-hours trading following better-than-expected third-quarter sales results. Additionally, both Target and Rivian saw slight gains after they announced workforce reductions. During the regular trading session on Thursday, the Dow Jones Industrial Average increased by 0.31%, the S&P 500 rose by 0.58%, and the Nasdaq Composite gained 0.89%, bolstered by renewed interest in technology stocks. Additionally, market concerns regarding US-China relations were alleviated after the White House announced that President Trump will meet with Chinese President Xi Jinping next Thursday in South Korea.

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