Dow Jones Futures Fall Ahead Of Key Inflation Data; Nike Stock Dives On Earnings

Dow Jones futures fell on Friday as investors awaited the release of the personal consumption expenditures price index, an inflation indicator. Nike (NKE) also experienced a plunge in its stock following the announcement of its earnings report. The S&P 500 futures and Nasdaq 100 futures dipped slightly, while the yield on the 10-year U.S. Treasury bond dropped to 3.85%. Oil prices rose as West Texas Intermediate futures reached over $74 a barrel. The Commerce Department is expected to release its monthly personal income and outlays report, including the PCE price index, with Wall Street anticipating a 0.1% monthly decrease. Meanwhile, Nike’s stock dropped over 12% after reporting better-than-expected earnings but issuing a “softer” sales outlook.