US pre-open: Futures in the red ahead of February PCE report
By Iain Gilbert
Date: Friday 28 Mar 2025
(Sharecast News) - Wall Street futures were in the red ahead of the bell on Friday as market participants looked ahead to the release of the Federal Reserve's preferred inflation measure.
As of 1145 GMT, Dow Jones futures were down 0.15%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.21% and 0.36% weaker, respectively.
The Dow closed 155.09 points lower on Thursday after Donald Trump slapped a 25% tariff on "all cars that are not made in the United States".
Friday's primary focus will likely be February's personal consumption expenditures price index at 1230 GMT, which should provide investors with more insight as to just how concerned they need to be about sticky inflation, especially after the central bank recently opted to up its inflation forecast. Economists expect to see headline PCE rising 0.3% month-on-month in February and 2.5% year-on-year.
Elsewhere on the macro front, the University of Michigan's March consumer sentiment index will be published at 1400 GMT.
In the corporate space, athletic wear business Lululemon traded sharply lower in pre-market action after providing weaker-than-expected Q1 and FY25 guidance.
Reporting by Iain Gilbert at Sharecast.com
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