Investors are eyeing the publication of January's producer price index data, scheduled to be released before the opening bell. Forecasts from economists suggest that headline wholesale inflation will climb to 0.3% this month, a figure matched by the projected 0.3% rise in core PPI, which strips out the more volatile energy and food sectors.
Meanwhile, the 10-year Treasury bond yielded 4.00%, and the two-year bond was at 3.42%. The CME Group's FedWatch tool‘s projections show markets pricing a 96.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
-0.32%
S&P 500
-0.13%
Nasdaq 100
-0.02%
Russell 2000
-0.59%
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 lower in premarket on Friday. The SPY was down 0.21% at $687.86, while the QQQ declined 0.12% to $608.52.
Stocks In Focus
Netflix
Netflix Inc. (NASDAQ:NFLX) was up 8.66% in premarket on Friday after it walked out of the bidding war against Warner Bros Discovery Inc. (NASDAQ:WBD), following a higher bid from Paramount Skydance Corp. (NASDAQ:PSKY), which also rose by 8.32%.
NFLX had a weaker price trend in the medium and long terms but a strong trend in the short term, with a poor value ranking as per Benzinga's Edge Stock Rankings.
Block
Block Inc. (NYSE:XYZ) surged 22.28% after reporting in-line earnings for the fourth ...
