Wall Street futures bounce as focus shifts to inflation, factory data

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Wall Street futures bounce as focus shifts to inflation, factory data
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U.S. stock index futures bounced on Friday, setting up Wall Street's main i...

- U.S. stock index futures bounced on Friday, setting up Wall Street’s main indexes for gains at the open, with investors waiting for data on inflation and manufacturing activity.

Fed Chairman Jerome Powell said on Thursday that a rise in productivity last year gives more room for wages to grow without the risk of higher inflation, offering the central bank another reason to hold off on further rate hikes. At 7:12 a.m. ET, Dow e-minis were up 180 points, or 0.69 percent. S&P 500 e-minis were up 17.75 points, or 0.64 percent and Nasdaq 100 e-minis were up 53.5 points, or 0.75 percent.

Wall Street’s main indexes closed slightly lower on Thursday as support from better-than-feared U.S. GDP data was countered by concerns about earnings and U.S.-China trade relations.

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