28.08.202523:37:18UTC+00US Futures Steady Ahead of PCE Inflation Data

On Friday, US stock futures remained stable as investors anticipated the release of the PCE price index, which is the Federal Reserve's favored measure of inflation, seeking insights for future policy decisions. In extended trading hours, Autodesk's shares soared by 10%, while Ulta Beauty's shares increased by 2.5% following positive forecasts from both companies. Conversely, Dell Technologies saw a decline of approximately 5% due to a less optimistic outlook for the upcoming quarter. In Thursday's regular trading session, the S&P 500 experienced a 0.32% rise, reaching a new record high. The Dow Jones Industrial Average gained 0.16%, and the Nasdaq Composite ascended by 0.53%. The positive market sentiment was influenced by robust economic data and persistent optimism surrounding artificial intelligence. Although Nvidia presented mixed results, with a 56% increase in quarterly revenue but omitted potential sales from China in its future guidance, which led to a slight decrease in its share price, analysts nevertheless raised their price targets and expressed continued confidence in AI-driven growth, thereby supporting the sector's ongoing momentum.