U.S. stocks look set for a positive opening on Friday, with the Dow Jones, S&P 500 and Nasdaq 100 futures rising, following Thursday’s lower close.
Investors are awaiting the August CPI data ahead of the opening bell, with economists expecting headline inflation to rise 0.37% month-over-month—driven by a surge in energy prices—while core CPI is projected to hold steady at a modest 0.19% gain.
Yemeni Houthis, backed by Iran, have captured the strategic Red Sea port of Mocha and are consolidating control over the Bab el-Mandeb Strait, creating an additional maritime flashpoint to complement the heavily disrupted Strait of Hormuz.
Meanwhile, the 10-year Treasury bond yielded 4.94%, and the two-year bond was at 4.55%. The CME Group’s FedWatch tool projections show markets pricing in a 67.1% likelihood of the Federal Reserve hiking interest rates at its September meeting.
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