Stock futures gain, shrugging off recent inflation reports
Fidelity Investments regional VP John Gagliardi and Great Hill Capital chairman Tom Hayes debate when the market sell-off will end on 'The Claman Countdown.'
The major futures indexes suggest a gain of 1% when the final trading day of the week gets underway on Wall Street. Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. Traders will get one more inflation-related report on Friday morning in the form of import and export prices for April. Prices of imported goods likely rose 0.6% month-over-month, down from March’s 2.6% surge, the biggest increase in 11 years. Watch for export prices to rise by 0.7% in April, also down from a record 4.5% spike the previous month. Smaller gains in import and export prices would support the view that inflation has peaked.
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