Stock Market Today:Stocks Higher With Fed, Inflation Data In Focus


U.S. equity futures moved higher Friday as traders looked to close out a difficult week for domestic stocks highlighted by a sharp pullback in Treasury yields and added concerns over a near-term recession.

Investors managed to snap a four-day losing streak last night, with the S&P 500 closing 0.75% higher in New York but settling just under the 4,000 point mark, a level that keeps its month-to-date decline at around 2.9%.

The gains were tempered, however, by a sharply inverted Treasury yield curve, where the gap between 3-month bills and 10-year notes, pegged at around 80 basis points, the steepest since 2001 and a worrying harbinger of recession risks.

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