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.

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.