US pre-open: Futures higher going into long weekend
By Iain Gilbert
Date: Friday 17 Jan 2025
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Friday as traders gear up for a three-day break.
As of 1300 GMT, Dow Jones futures were up 0.39%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.35% and 0.45% firmer, respectively.
The Dow closed 68.42 points lower on Thursday as the Q4 earnings season began to pick up steam.
Stocks were in green prior to the open as softer-than-expected consumer and producer price indexes showed that inflationary pressures appeared to be easing somewhat, while solid earnings from a number of that nation's biggest banks also gave major indices a boost.
Market participants were also looking ahead to next week, with trading halted on Monday in observance of Martin Luther King Jr. Day. Donald Trump will also take the oath of office and be inaugurated as president for the second time on Monday.
On the macro front, December building permits data will be out at 1330 GMT, as will housing starts figures, while December industrial production numbers will follow at 1415 GMT.
Reporting by Iain Gilbert at Sharecast.com
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