On Thursday, the November report showed that annual CPI inflation slowed to 2.7% from 3% in September. Because the Bureau of Labor Statistics lacked October survey-based prices, it carried forward September levels, effectively assuming zero inflation for a missing month.
Meanwhile, President Donald Trump signed an executive order on Thursday, directing federal agencies to loosen regulations on marijuana, marking one of the most significant shifts in federal cannabis policy in decades.
The 10-year Treasury bond yielded 4.14%, and the two-year bond was at 3.47%. The CME Group's FedWatch tool‘s projections show markets pricing a 73.4% likelihood of the Federal Reserve leaving the current interest rates unchanged.
Futures
Change (+/-)
Dow Jones
0.11%
S&P 500
0.33%
Nasdaq 100
0.48%
Russell 2000
0.32%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.012% at $676.55, while the QQQ advanced 0.48% to $612.03, according to Benzinga Pro data.
Stocks In Focus
Oracle
Oracle Corp. (NYSE:ORCL) shares jumped 5.65% in premarket on Friday, as TikTok's parent company ByteDance signed binding agreements to shift control of TikTok's U.S. operations into a new joint venture that includes Oracle as a key investor and security partner.
ORCL maintained a weaker price trend over the short, medium, and long terms, with a moderate growth ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.
Coty
Coty Inc. (NYSE:COTY) shares rose 1.54% as ...
