U.S. stock futures rose on Friday after Thursday’s higher close. Futures of major benchmark indices advanced.
On Thursday, the November report showed that annual CPI inflation slowed to 2.7% from 3% in September. Because the Bureau of Labor Statistics lacked October survey-based prices, it carried forward September levels, effectively assuming zero inflation for a missing month.
Meanwhile, President Donald Trump signed an executive order on Thursday, directing federal agencies to loosen regulations on marijuana, marking one of the most significant shifts in federal cannabis policy in decades.
The 10-year Treasury bond yielded 4.14%, and the two-year bond was at 3.47%. The CME Group's FedWatch tool‘s projections show markets pricing a 73.4% likelihood of the Federal Reserve leaving the current interest rates unchanged.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.012% at $676.55, while the QQQ advanced 0.48% to $612.03, according to Benzinga Pro data.