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**Stock Futures Point to Higher Open as Investors Await Key PCE Inflation Data**

US stocks are expected to open higher on Friday as investors eagerly await the release of inflation data that is closely monitored by the Federal Reserve. This data will provide insights into interest-rate expectations and guide investors’ decisions.

*Futures on the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) showed gains of about 0.5%, indicating a positive start to the trading day. The tech-heavy Nasdaq 100 (^NDX) led the advance with a 0.7% increase. Thursday’s gains set the stage for a positive momentum that the market hopes to continue.

However, despite this optimism, stocks have experienced significant losses throughout the month and quarter, making it a challenging September. The major indices are likely to see drops of 3% to 5% for the month. The market’s struggles can be attributed to the surge in oil prices and concerns about the Federal Reserve’s plan to raise interest rates. Investors fear that this strategy could lead to another rate hike later this year.

Bonds have also faced pressures, but Friday brought some relief after comments from Fed officials calmed rate jitters. The yield on 10-year Treasuries fell after reaching levels not seen in over 15 years. While the 30-year Treasury yield retreated, it is still on track for its largest jump since 2009, triggering anxiety about the consequences of the bond rout.

The release of the Personal Consumption Expenditures (PCE) index, the Fed’s preferred inflation indicator, is paramount. The August data is expected to show that the “core” PCE, which excludes food and energy prices, rose 3.9% year-over-year, slightly lower than July’s 4.2%. This decrease could curb expectations of a November interest rate hike by the Fed.

Additionally, the anticipated US government shutdown is still a concern for investors, as it could cause significant harm to the economy and stock market. It appears increasingly likely that lawmakers will miss the Saturday deadline to avert the shutdown, especially since there is no clear resolution in sight, leading to its nickname, the “Seinfeld” shutdown.

In the midst of these market dynamics, the AI legalese decoder can prove to be valuable. This tool can help investors navigate complex legal documents and understand the implications of various regulations and policies. By using AI technology, the legalese decoder can simplify legal jargon and provide clear and concise explanations, enabling investors to make informed decisions. In this volatile market environment, having access to such a tool can contribute to more effective decision-making and potentially mitigate risks.

In terms of individual stocks, Nike (NKE) saw a significant premarket boost of over 8% after the company reported first-quarter profit that surpassed estimates and expressed confidence in Chinese demand.

For the latest stock market news and in-depth analysis on events that impact stocks, click here. Stay updated on the most recent financial and business news from Yahoo Finance by visiting their website.

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