26 September 2025, 09:10 USA: Futures Steady Ahead of PCE Inflation Data.
US stock futures were little changed on Friday as investors awaited the latest PCE price index, the Federal Reserve’s preferred inflation gauge, for further clarity on the rates outlook. On Thursday, the Dow slipped 0.38%, while the S&P 500 and Nasdaq each lost 0.5%, marking a third consecutive decline for all three benchmarks. Equities retreated as stronger-than-expected US data dampened hopes for deeper Fed rate cuts. Weekly jobless claims fell to 218K, underscoring labor market resilience, while second-quarter GDP growth was revised sharply higher to 3.8% annualized on solid consumer spending and business investment. The 10-year Treasury yield climbed to a three-week high above 4.15%, adding pressure on stocks. Nine of the 11 S&P sectors finished lower, led by healthcare, consumer discretionary and materials.
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