U.S. stock futures moved higher on Friday morning ahead of the release of the Personal Consumption Expenditures (PCE) price index data, the Federal Reserve’s preferred inflation measure, along with other key economic reports. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.32%, 0.19%, and 0.09%, respectively, at 8:18 a.m. EST on December 5.
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During Thursday’s regular trading session, the three major indexes closed mixed, as investors digested November’s job cuts data, AI-related news, and tariffs. The Dow Jones fell 0.07%, while the S&P 500 and the Nasdaq Composite gained 0.11% and 0.22%, respectively.
Investors await a slew of economic reports today that could shape the Fed’s upcoming policy decisions. Focus will be on the delayed September data for consumer spending and incomes, the PCE reading, and the University of Michigan’s December consumer sentiment survey.
Turning to trending stocks, Netflix (NFLX) stock was down 2% in pre-market trading on news of its $72 billion acquisition of Warner Bros. Discovery (WBD). Rubrik (RBRK) stock jumped 18% after the cloud data management company reported market-beating Q3 FY26 results. Shares of Ulta Beauty (ULTA) were up 6%, as the specialty beauty retailer raised its full-year sales guidance.
Meanwhile, SoFi Technologies (SOFI) stock declined more than 7% after the fintech company announced an underwritten public offering of $1.5 billion in shares.
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