This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. With TikTok guaranteeing its presence in the U.S. (which we cover below), it looks like my screen time will remain far higher than it should be. Stock futures ticked lower this morning. The market is coming off another winning day. Here are five key things investors need to know to start the trading day:
1. Pricing power
People pose for pictures at the Wall Street Bull in New York's Financial District on June 24, 2024 in New York City. Spencer Platt | Getty Images
As investors continue to breathe easier amid easing geopolitical and trade tensions, inflation data released yesterday gave traders another reassuring sign. The latest stats were in-line with expectations, though they were still above the level deemed healthy by the Federal Reserve. Here's what to know: Both the headline and so-called "core" readings in November's personal consumption expenditures price index came in at 2.8% — matching the consensus forecasts from economists polled by Dow Jones.
The Fed-favored inflation gauge showed inflation is still notably higher than the 2% level preferred by the central bank.
Stocks rose for a second straight session, continuing the rebound that was sparked by President Donald Trump's cancellation of planned tariffs of several European countries and his announcement of a "framework of a future deal with respect to Greenland."
The Dow S&P 500 Nasdaq Composite
Retail investors have been big buyers despite the volatility this week, continuing to show their penchant for purchasing equities during market pullbacks.
But stock futures inched lower this morning, indicating the market might take a break from its two-day recovery rally.
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