From Nasdaq:

U.S. stock index futures are uncertain after inflation data caused concern. Traders revised expectations of a rate cut by the Fed for June. The Federal Reserve meeting next week will provide clarity on the central bank’s rate-easing cycle. Dow e-minis were up, S&P 500 e-minis were slightly up, Nasdaq 100 e-minis were down.

Semiconductor stocks dipped as investors took profits, with focus on the global GTC developer conference for AI announcements. Micron Technology rose after a price target increase to $150, while Madrigal Pharmaceuticals surged on FDA approval. Adobe fell on weak forecast, Ulta Beauty slid on profit forecast, and crypto stocks dipped as bitcoin fell.

6 of 11 S&P 500 sectors are set for weekly gains. This news was reported by Bansari Mayur Kamdar and Shashwat Chauhan in Bengaluru.



Read more at Nasdaq: US STOCKS-Wall St futures mixed as inflation woes weigh