Dow Futures Rise 115 Pts; Fed’s Favorite Inflation Gauge Due

By Peter Nurse — U.S. stocks are seen opening higher Friday, bouncing from the previous session’s sharp losses ahead of key inflation data with a difficult month drawing to a close. At 07:00 ET (11:00 GMT), the contract was up 115 points or 0.4%, traded 20 points or 0.5% higher, and climbed 55 points … Read more

US Business Activity Gauge Improves, But Still Shows Contraction

(Bloomberg) — US business activity contracted in September for a third-straight month, though at a more moderate pace as a pickup in orders and a further softening of inflation allayed concerns of a more-pronounced pullback. The S&P Global (NYSE:) flash composite purchasing managers output index increased 4.7 points to a three-month high of 49.3, the … Read more