Wall Street Gains Ahead of Opening Bell
As the earnings season continues to unfold, Wall Street saw a significant uptick in premarket trading on Friday. Tech giant Apple led the charge with a 3.5% surge following the announcement of its "best quarter ever" in its recent earnings release. Meanwhile, industry heavyweights Chevron, ExxonMobil, and Colgate-Palmolive are set to report their earnings today, adding to the market's anticipation.
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Inflation Report in Focus
All eyes are on the Federal Reserve as it monitors the PCE price index for December, expected to be released before the trading session. Analysts predict a slight increase from November's 2.4%, adding another layer of intrigue to the day's market movements.
Market Movements
At 4:23 am ET, the Dow Jones had climbed by 0.36%, the Nasdaq 100 added 0.73%, and the S&P 500 grew by 0.39%. Meanwhile, the euro traded 0.35% lower against the dollar, standing at 1.03675.
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