5 things to know before the stock market opens Friday

5 things to know before the stock market opens Friday

1. Stocks to open lower, but July still tracking for gains on the final trading day of July as investors got three Dow stock earnings reports and another reading on inflation to digest. Nasdaq futures were leading the way down Friday, with a decline of more than 1% as shares fell nearly 7% in the premarket after its first revenue miss in three years. The and hit all-time highs during Thursday's trading and broke two-day losing streaks. But they . The advanced modestly, but still finished about 0.4% away from its latest record close on Monday. All three stock benchmarks were tracking for solid monthly gains. 2. Fed's favorite inflation gauge slightly below estimates The Federal Reserve's favorite inflation gauge came in slightly below expectations for June. The Commerce Department's latest core personal consumption expenditures price index on a year-over-year basis, up slightly from May's advance, which was the fastest pace since the early 1990s. At the conclusion of its July meeting on Wednesday, the Fed noted "progress" on inflation and employment goals, which was seen as a signal that changes to easy-money policies, particularly monthly bond buying, could be on the way. Central bankers made no adjustments to asset