US pre-open: Futures mixed ahead of rollercoaster week's final session
Wall Street futures were pointing to a mixed open on Friday as a rollercoaster week for major indices gets set to draw to a close.
As of 1200 GMT, Dow Jones futures were down 0.25%, while S&P 500 futures were 0.23% lower and Nasdaq-100 futures had the index coming out the gate 0.09% stronger.
The Dow closed just 7.32 points lower on Thursday as investors digest comments from Federal Reserve chairman Jerome Powell and a number of data points.
Friday's primary focus will be the Commerce Department's December personal consumption expenditures price index at 1500 GMT. Economists expect the PCE, the Federal Reserver's preferred inflation gauge, to reveal a 4.8% year-on-year gain, excluding food and energy, for its highest reading since September 1983.
In addition to the PCE reading, the University of Michigan's January consumer sentiment index will be published at 1500 GMT
In the corporate space, Apple shares were trading higher in pre-market after the tech behemoth posted its largest-ever single quarter revenue performance overnight despite supply challenges and the ongoing effects of the Covid-19 pandemic.
Chevron will publish earnings on Friday.
The yield on the benchmark 10-year Treasury note was slightly higher ahead of the bell at 1.845%.