U.S. stock futures are relatively flat in premarket trading ahead of crucial inflation data.

The four major U.S. indexes fell again on Thursday while the 10-year Treasury yield rose to 4.2% at one point during the session on the back the latest economic data.

Investors are awaiting the release of August’s personal consumption expenditures price index out at 8:30 a.m. ET, as the release is widely known to be the Federal Reserve’s preferred inflation measure.

Economists expect the print to reflect an uptick in inflation and markets continue to price in two quarter-point rate cuts at the Fed’s upcoming meetings, in line with what the central bank has projected.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 0.1% near $65 a barrel, on track for a 4% weekly gain, as Ukraine’s attacks on Russia’s energy infrastructure prompted Moscow to curb fuel exports.
• Gold (/GC) – Gold futures are relatively flat near $3775 after better-than-expected U.S. GDP data dampened bets of further U.S. rate cuts, while investors awaited key inflation data later in the day.
• Bitcoin (/BTC) – The Crypto Future is down slightly near 109,500 in premarket trading.
• VIX – The CBOE Volatility Index was up 3.5% on Thursday and settled at 16.74 as stocks fell.
• U.S. Dollar (/DX) – The dollar is down 0.1% to 98.1.

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

1. Paccar (PCAR): +6.20%
2. Intel (INTC): +4.62%
3. Texas Instruments (TXN): +3.27%

1. Dell Technologies (DELL): -1.65%
2. Super Micro (SMCI): -1.38%
3. Warner Bros. Discovery (WBD): -1.31%

Economic Data

• 7:30AM ET: Fed’s Barkin Speaks
• 8:30AM ET: Personal Income & Outlays
• 9:00AM ET: Fed’s Barkin Speaks
• 10:00AM ET: U of Michigan Consumer Sentiment
• 1:00PM ET: Fed’s Bowman Speaks

Notable Earnings

• Premarket: None
• Postmarket: None
• Premarket Monday: CCL
• Postmarket Monday: IDT, JEF, PRGS, MTN

Upgrades/Downgrades

• Rothschild & Co Redburn upgrades Kenvue (KVUE) to Buy from Neutral
• JPMorgan upgrades Riot Platforms (RIOT) to Overweight from Neutral
• Rosenblatt upgrades Ciena (CIEN) to Buy from Neutral
• KeyBanc downgrades Warner Bros. Discovery (WBD) to Sector Weight from Overweight
• Evercore ISI downgrades CarMax (KMX) to In Line from Outperform
• Scotiabank downgrades EOG Resources (EOG) to Sector Perform from Outperform

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

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.