Stock market news live updates: Stocks rise, S&P 500 looks to snap 7-week losing streak

Stock market news live updates: Stocks rise, S&P 500 looks to snap 7-week losing streak

U.S. stock futures rose Friday morning, setting the major indexes on track to end a weeks-long losing streak after a string of more upbeat corporate results at least temporarily offset fears of a steep economic slide.

Contracts on the S&P 500 rose. The blue-chip index headed for a 4% weekly gain as of Thursday's close, which if maintained, would mark its largest since mid-March. The S&P 500 had fallen for the seven consecutive weeks prior in its longest losing streak since 2000. Dow and Nasdaq futures each also gained Friday.

Investors looked ahead to fresh economic data later in the morning, including the latest print on core personal consumption expenditures (PCE) — the Federal Reserve's preferred gauge of underlying inflation. The report is expected to show inflationary pressures retreated only modestly in April compared to March, echoing results from the still-elevated Consumer Price Index and Producer Price Index released from earlier this month. Separate data later this morning on personal income and spending are also expected to show still-solid wage gains and consumption trends across the U.S. economy.