"Inflation Data Boosts Dow Jones Futures as Nvidia's AI Chip Rival Gains Ground"

Dow Jones futures rose in reaction to "good" inflation data, with S&P 500 and Nasdaq futures also climbing. The stock market rally saw modest-to-strong weekly gains, with small caps leading and the Dow Jones and S&P 500 at record highs. Inflation data showed the PCE price index rising in line with expectations, prompting Fed chief Jerome Powell to express satisfaction with the lack of surprises. Meanwhile, tech leaders like Nvidia, Microsoft, and Meta Platforms are pulling back bullishly, while China EV makers Nio, Li Auto, XPeng, and BYD reported deliveries meeting or exceeding low expectations.