Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story
U.S. stock futures rose on Friday following Thursday’s mixed moves. Futures of major benchmark indices were higher.
July’s retail sales rose by 3.9% on an annual basis, whereas U.S. import prices increased 0.4% as compared to June 2025.
August’s Empire State manufacturing survey data came in at 11.9, below the market expectation of 16.0.
A hot Producer Price Index report raised questions about September’s rate cuts as the overall producer basket rose 3.3%, on an annual basis, compared to July 2024. It attained its highest point since February 2025.
The PPI index for final demand excluding foods, energy, and trade services moved up 2.8% for the 12 months ended July.
President Donald Trump called on Intel Corp. (NASDAQ:INTC) CEO Lip-Bu Tan to resign after Sen. Tom Cotton (R-Ark.) raised concerns about his potential ties to China.
This came after Tan met with Trump on Monday in what appears to have been a productive meeting. Later in a Truth Social post on Thursday, Trump said the Intel CEO is “highly CONFLICTED and must resign, immediately,” adding that there were no other solutions.
Meanwhile, the 10-year Treasury bond yielded 4.28% and the two-year bond was at 3.72%. The CME Group’s FedWatch tool‘s projections show markets pricing a 92.6% likelihood of the Federal Reserve cutting the current interest rates for the Sept. 17 decision.
| Futures | Change (+/-) |
| Dow Jones | 0.68% |
| S&P 500 | 0.08% |
| Nasdaq 100 | -0.15% |
| Russell 2000 | 0.20% |
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 mixed in premarket on Friday. The SPY was up 0.16% at $646.00, while the QQQ declined 0.048% to $579.61, according to Benzinga Pro data.
Cues From Last Session
While most S&P 500 sectors closed in negative territory, led by losses in materials, industrials, and consumer staples stocks, the financial and health care services sectors bucked the overall market trend to finish higher.
U.S. stocks settled mostly lower on Thursday after producer inflation posted its largest increase in three years.
Among individual movers, shares of Deere & Co. (NYSE:DE) fell 7% after the company lowered its FY25 net income outlook. Conversely, shares of Kimball Electronics Inc. (NASDAQ:KE) jumped around 18% during Thursday’s session after the company reported better-than-expected …