US Futures Halt Decline Ahead of CPI
2026-09-11 11:57
By
Andre Joaquim
1 min. read
US equity futures were higher on Friday, rebounding from four sessions of losses as oil prices paused their surge ahead of the key consumer inflation release.
Contracts for the S&P 500, Dow, and Nasdaq 100 were around 0.5% higher.
Long-dated Treasury yields eased from their multi-year highs as fuel prices halted their surge following repeated escalation to strikes between Iran and the US in the Persian Gulf.
Higher energy prices since the start of the month were due to worsen an already high inflationary outlook, with headline inflation expected to hold at 3.4%.
Multiple FOMC member stated that high inflation could warrant a hike in the Fed's decision on Wednesday, pressuring credit-sensitive sectors this week before their respite this session.
Nvidia, Microsoft, Meta, and Alphabet inched higher, but were on course for heavy declines in the week.
Meanwhile, Oracle surged 5.5% premarket as it reported a surge in cloud infrastructure revenue.