Markets hold near flat as GDP, PCE data and tariff ruling loom

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Source: CNBC
Markets hold near flat as GDP, PCE data and tariff ruling loom
Photo: CNBC
TL;DR Summary

U.S. stock futures were mixed Friday ahead of Q4 GDP data and the Fed's preferred inflation gauge (PCE), plus a Supreme Court ruling on Trump's tariffs; Dow futures fell about 30 points, S&P 500 futures were little changed, and Nasdaq-100 futures rose ~0.1%. Economists expect Q4 real GDP growth around 2.5% and the PCE price index about 2.8% year over year (core ~3%). Fed minutes show officials split on rate cuts, signaling more evidence inflation must cool. A ruling against tariffs could lift markets, though the White House may reimpose duties later. In recent sessions, the Dow and Nasdaq slipped while oil rose amid U.S.–Iran tensions; Nvidia earnings are due next week.

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