S&P 500 and Nasdaq 100 futures rise ahead of inflation data: Live updates

Futures tied to the S&P 500 and the Nasdaq 100 hit record highs Friday, surpassing all-time intraday highs and mounting a stunning comeback from the lows set in April.

This comes ahead of a data deluge, including inflation numbers, with the market overcoming a wall of worries that includes tariff fights, wars and sticky inflation.

S&P 500 futures climbed 0.11% to hit 6,202.00 at 12:55 am Eastern Time, breaking the intraday all-time high hit in late February of 6,147.43. Nasdaq 100 futures rose 0.11%, while the Dow Jones Industrial Average futures added 62 points, or 0.14%.

“The markets were in a sense of stasis,” said Rick Rieder, BlackRock's chief investment officer for global fixed income, on CNBC's “Closing Bell.” “There is so much money that wants to come into the market that didn't for a while. And I just think if you don't have any negative news, the natural gravitational pull is across all these assets.”

Those gains have pushed the Dow and S&P 500 up more than 2% this week. The Nasdaq has jumped more than 3%.

Investors will watch Friday for data from the May reading of personal consumption expenditures price index due in the morning. Economists polled by Dow Jones expect the index to tick 0.1% higher on the month and 2.3% from a year ago. So-called core PCE is slated to rise 0.1% from April and 2.6% from 12 months earlier.

Beyond the inflation reading, traders will also monitor data on personal income, consumer spending and consumer sentiment.

Japan's benchmark Nikkei 225 climbed 1.43% to end the day at 40,150.79, after crossing the 40,000 mark for the first time since Jan. 7 earlier in the day. Meanwhile, the broader Topix index advanced 1.28% to 2,840.54.

In South Korea, the Kospi index ended the day 0.77% lower at 3,055.94, while the small-cap Kosdaq dropped by 0.81% to 781.56.

Over in Australia, the S&P/ASX 200 benchmark ended the day 0.43% lower at 8,514.20.

India's benchmark Nifty 50 had moved up 0.32% while the BSE Sensex was up 0.29% at 11.15 a.m. Indian Standard Time.

S&P 500 and Nasdaq 100 futures rise, surpassing all-time intraday highs

Futures tied to the S&P 500 and the Nasdaq 100 hit new records Friday, surpassing all-time intraday highs.

This comes ahead of a slew of data releases including inflation numbers, as the market overcomes challenges including tariff fights, wars and sticky inflation.

S&P 500 futures climbed 0.11% to hit 6,202.00 at 12:55 am Eastern Time, breaking the intraday all-time high hit in late February of 6,147.43. Nasdaq 100 futures rose 0.11%, while the Dow Jones Industrial Average futures added 62 points, or 0.14%.

Trump trade deadlines in July ‘not critical’: White House

President Donald Trumpcould extend looming deadlines for reimposing steep tariffs on imports from most of the world's countries, the White House said Thursday.

Trump's July 8 and 9 deadlines for restarting tariffs on those nations are “not critical,” White House Press Secretary Karoline Leavitt told reporters.

“Perhaps it could be extended, but that's a decision for the president to make,” Leavitt said.

Leavitt also said Thursday that if any of those countries refuse to make a trade deal with the United States by the deadlines, “The president can simply provide these countries with a deal.”

In late May, Trump threatened to impose tariffs of 50% on imports from European Union nations, all of whom had already been subject to the reciprocal tariffs imposed in April.

See the stocks moving after hours

These rare some of the stocks making notable moves after hours:

• Nike — The athletic retailer fell 2%. While Nike beat expectations on the top and bottom lines in the fiscal fourth quarter, the company said sales dropped 12% from the same period a year prior.
• CorMedix — The biopharmaceutical stock tumbled 10% after announcing a common stock offering of $85 million. The offering is being done through RBC Capital Markets.

Futures tied to the Dow, S&P 500 and Nasdaq 100 all sat near flat shortly after 6 p.m. ET.