"Futures are trading lower as we prepare to wrap up a rollercoaster week marked by huge market swings. Still, ultimately, President Trump's TACO (Trump Always Chickens Out) move on Greenland, and dismissing the potential of massive increases in European tariffs, calmed everybody and ushered in a massive two-day relief rally. The focus will now return to fourth-quarter earnings, as hundreds of companies are expected to release results next week."
"In addition, more economic data will be forthcoming, like the Personal Consumption Expenditures (PCE) inflation data for October and November 2025, which was released yesterday, showing annual PCE inflation at 2.7% (October) and 2.8% (November), with monthly increases of around 0.2%, generally in line with expectations but still above the Fed's 2% target. Any hint that inflation is drifting higher could dent hopes for a rate cut."
Futures edged lower after a volatile week that produced a two-day relief rally following eased geopolitical and trade concerns. Market attention shifts to fourth-quarter earnings as hundreds of companies report next week. October and November PCE inflation registered annual rates of 2.7% and 2.8% with monthly gains near 0.2%, remaining above the Federal Reserve's 2% target and threatening rate-cut hopes if inflation continues to drift higher. Major indices closed higher with the Nasdaq leading, while Treasury yields were mixed; the 30-year yielded 4.84% and the 10-year 4.25%. Natural gas surged, trading around $5.05.
Read at 24/7 Wall St.
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