Producer Price Inflation (PPI) is expected to garner significant attention this Friday, alongside earnings reports from major corporations.
Current trends in the U.S. Futures Index indicate a mostly positive opening for Wall Street.
In Asian markets, shares showed mixed results. Gold prices edged lower, while oil prices continued to rise.
As of 7:55 AM ET, Dow futures had increased by 17.00 points, S&P 500 futures were up by 2.25 points, while Nasdaq 100 futures had declined by 2.25 points.
U.S. major stock averages concluded mostly in negative territory. The tech-centric Nasdaq experienced a substantial drop, falling 364.04 points or 2.0% to 18,283.41. The S&P 500 also declined, decreasing by 49.37 points or 0.9% to 5,584.54.
Conversely, the Dow spent much of the day hovering near the unchanged mark before closing with a modest gain of 32.39 points or 0.1% at 39,753.8.
On the economic calendar, the PPI-Final Demand report for June is set to be released at 8:30 AM ET, with a consensus expectation of a 0.1% increase, following a 0.2% decline in the previous month.
The Consumer Sentiment Index for July is scheduled for release at 10:00 AM ET, with an anticipated reading of 68.5, slightly up from 68.2 in the prior month.
Asian stock markets closed with mixed results on Friday. China’s Shanghai Composite Index ended a volatile session with a marginal gain.
Hong Kong’s Hang Seng Index surged by 2.59% to settle at 18,293.38.
Japanese markets faced significant declines. The Nikkei average dropped by 2.45% to 41,190.68, while the broader Topix Index fell by 1.18% to 2,894.56.
Australian markets performed notably well. The benchmark S&P/ASX 200 reached an all-time high of 7,969.10 before closing at 7,959.30, up 0.88%. The broader All Ordinaries Index rose by 0.89% to end at 8,206.10.
