U.S. stock futures steady ahead of key price data.

U.S. equity futures edged higher as investors awaited key data later this week that may cast light on the outlook for U.S. Federal Reserve policy. Contracts on the S&P 500 rose about 0.1 percent after the index posted a third straight week of gains. Contracts on the Nasdaq 100 climbed 0.2 percent. Google parent Alphabet Inc. dropped two percent in premarket trading after Bloomberg reported that Apple is closing in on an agreement to use OpenAI’s technology on the iPhone. Treasury yields dipped and the U.S. dollar was steady.

May 12, 2024
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