U.S. stock futures are slightly higher ahead of the Wall Street open ahead of a delayed key inflation print that may dictate how many more times the Federal Reserve cuts rates this year.

Stocks have ignored a statement from President Donald Trump that he was ending trade negotiations with Canada because of an advertisement used by Ontario featuring President Ronald Reagan.

Economists expect the headline CPI for September to come in at a 3.1% annual rate, or 0.2 percentage point higher than the August level.

Investor focus will also be on major earnings next week with Alphabet (GOOGL), Meta (META), Microsoft (MSFT), Amazon (AMZN) and Apple (AAPL) reporting.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil Futures are up around 1% and cracked $62 a barrel after jumping more than 5% on Thursday after the Trump administration imposed further sanctions on Russia’s two largest crude companies, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.”
• Gold (/GC) – Gold prices are down over 1.5% near $4070 and are down over 4% this week, as renewed geopolitical risks bolstered safe-haven demand and investors braced for key U.S. inflation data due on Friday.
• Bitcoin (/BTC) – The Crypto Future is up over 0.5% near 111,500 in premarket trading.
• VIX – The CBOE Volatility Index fell 7% on Thursday and settled at 17.30 as stocks rallied.
• U.S. Dollar (/DX) – The dollar is slightly higher to 98.9.

Biggest Premarket Movers (Mark % Change as of 7 AM ET)

1. Intel (INTC): +6.76%
2. Ford Motor (F): +3.73%
3. HCA Healthcare (HCA): +3.37%

1. Deckers Outdoor (DECK): -12.23%
2. Newmont (NEM): -6.71%
3. Mohawk Industries (MHK): -5.35%

Economic Data

• 8:30 AM ET: CPI
• 9:45 AM ET: PMI Composite Flash
• 10:00 AM ET: New Home Sales, Consumer Sentiment

Notable Earnings

• Premarket: BAH, GD, HCA, ITW, PG, VRTS
• Postmarket: None
• Premarket Monday: CRI, KDP
• Postmarket Monday: AMKR, CAR, BRO, CDNS, CR, FFIV, HIG, NOV, OLN, PFG, WELL, WHR, WM 

Upgrades/Downgrades

• JPMorgan upgrades Coinbase (COIN) to Overweight from Neutral
• Morgan Stanley upgrades Tractor Supply (TSCO) to Equal Weight from Underweight
• Morgan Stanley upgrades Commercial Metals (CMC) to Overweight from Equal Weight
• Stifel downgrades Snap (SNAP) to Sell from Hold
• Barclays downgrades Molina Healthcare (MOH) to Underweight from Equal Weight
• BofA downgrades Integer (ITGR) to Neutral from Buy

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Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.