U.S. stock futures were pointing to a higher Wall Street open on Friday after the S&P 500 closed above 3,200 for the first time ever.
also finished Thursday at record highs, with yearly advances of 21.6% and almost 34%, respecitvely. For its best year since 1997, the S&P 500 would need rise 43.76 points from Thursday's close to 3249.13. The Federal Reserve's favorite inflation measure is out at 10 a.m. ET. The core personal consumption expenditures price index for November is expected to increase 0.1% at annual rate of 1.5%.
The Fed tracks core PCE for its 2% inflation target.U.S. House Speaker Nancy Pelosi speaks while flanked by fellow members during a news conference on the USMCA trade agreement, on Capitol Hill December 10, 2019 in Washington, DC. Pelosi said an agreement has been reached on a deal over the U.S.-Mexico-Canada, but final details for the trade pact were still being ironed out.
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