FX.co ★ US Futures Dip Ahead of Key Inflation Report

U.S. stock futures experienced a slight decline on Friday as investors anticipated the release of the latest Personal Consumption Expenditures (PCE) price index, a key inflation gauge favored by the Federal Reserve. Market sentiment remained cautious due to uncertainties surrounding trade disputes linked to President Donald Trump’s tariff policies. Initially, a federal court had ruled against most of the tariffs, declaring them unlawfully implemented. However, a U.S. appeals court overturned this decision on Thursday afternoon, reigniting investor concerns about the future course of trade policy. In after-hours trading, Gap Inc. saw a 15% drop following disappointing revenue guidance for the second quarter, whereas Dell Technologies witnessed a 2% increase after surpassing first-quarter sales expectations. During Thursday's regular trading session, the major indices recorded slight gains: the Dow Jones Industrial Average increased by 0.28%, the S&P 500 rose by 0.4%, and the Nasdaq Composite climbed 0.39%. Nvidia spearheaded the rally, surpassing quarterly forecasts due to strong demand for its AI chips, even amid existing export restrictions to China.