Wall Street pointed higher in premarket trading Friday, adding to the hefty gains from a day earlier when government data showed that U.S. inflation eased more than expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes.
Futures for the Dow Jones Industrial average rose 0.5 percent. Futures for the S&P 500 also gained 0.5 percent following Thursday’s biggest single day gain for the benchmark in 2 1/2 years.
