U.S. futures indicate a rise in pre-market trading this Friday, pointing to a recovery following significant declines on Thursday. This advance is partly due to impressive results from technology companies Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT), and comes in anticipation of new inflation data to be released.

At 06:37 AM, the Dow Jones Industrial Average futures (DOWI:DJI) were up 38 points, or 0.10%. S&P 500 futures advanced 0.70%, and Nasdaq-100 futures gained 1.01%. The yield on 10-year Treasury notes was at 4.694%.

In the commodities market, West Texas Intermediate crude for June was up 0.47%, at $83.96 per barrel. Brent crude for June rose 0.45%, near $89.41 per barrel. Iron ore traded on the Dalian exchange was up 0.06%, at $122.05 per metric ton.

On Friday’s economic calendar, the U.S. Commerce Department will publish the PCE index, which measures individual expenditures, along with personal income and spending data for March, at 08:30 AM. The LSEG consensus estimates a monthly increase of 0.3% and an annual rise of 2.6%. Later, at 10:00 AM, the revised Michigan/Reuters consumer sentiment index for April, a collaboration between the University of Michigan and Thomson Reuters, will be released.

European markets are on the rise, recovering after a pullback in the previous session. Shares in the technology and construction sectors are leading the gains, with increases of 1.6% and 1.48%, respectively. In contrast, the chemical and insurance sectors are showing more modest performances, with declines of less than 1% each.

Asian markets displayed mixed movements in response to regional economic events. Japan’s Nikkei rose by 0.81%, while the Shanghai SE in China was up 1.17%. In contrast, Australia’s ASX 200 fell by 1.39%. These fluctuations were influenced by the Bank of Japan’s decision to maintain interest rates and a slowdown in inflation in Tokyo.

After an initial significant drop, U.S. stocks recovered some of their losses throughout the day, ending lower on Thursday. The decline in shares of Meta Platforms (NASDAQ:META), which plummeted by 10.6%, negatively impacted the market. Additionally, economic data indicated slowing growth and persistent inflation. U.S. GDP growth was at 1.6%, below expectations, and the personal consumption expenditures price index rose by 3.4%. The Dow Jones fell by 0.98%, while the S&P 500 and Nasdaq retreated by 0.46% and 0.64%, respectively.

In the quarterly earnings front, reports are scheduled from Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Abbvie (NYSE:ABBV), Colgate-Palmolive (NYSE:CL), HCA Healthcare (NYSE:HCA), Charter Communications (NASDAQ:CHTR), ACM Research (NASDAQ:ACMR), Autoliv (NYSE:ALV), Centene Corporation (NYSE:CNC), and Ball Corporation (NYSE:BALL).

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