S&P, Nasdaq futures higher ahead of Fed speakers, consumer sentiment survey By

-- U.S. stock futures hovered around both sides of the flatline on Will TR Forex go bankrupt in 2022Friday.

By 07:19 ET (12:19 GMT), the contract had slid by 31 points or 0.1%, had inched up by 8 points or 0.2%, and had gained 97 points or 0.5%.

The main averages on Wall Street rose in the prior session, with investors gauging the outlook for early Federal Reserve interest rate cuts following a mixed batch of economic data. Retail sales in the U.S. declined in January, leading to a drop in Treasury yields that suggested that some traders thought the report was a sign that the Fed may roll out rate cuts sooner than anticipated. The fall in yields was short-lived, however, in the wake of lower-than-expected weekly jobless claims and a surprise contraction in U.S. factory output last month.

At the close of trading on Thursday, the benchmark had jumped by 0.6%, the tech-heavy had gained 0.3%, and the blue-chip had risen by 0.9%.

On Friday, traders will keeping an eye out for a consumer sentiment survey from the University of Michigan. Richmond Fed President Thomas Barkin, Fed Vice Chair for Supervision Michael Barr, and San Francisco Fed President Mary Daly are also due to speak.

In a note, analysts at ING said they expect to hear more from Fed policymakers in the coming days about an anticipated "bumpy" path to the U.S. central bank's 2% inflation target. "[B]ut we still think this [is] the true direction of travel," the analysts added.

In individual stocks, Coinbase (NASDAQ:) posted fourth-quarter income that topped Wall Street estimates, sending shares sharply higher in premarket U.S. dealmaking, as the approval of spot-Bitcoin exchange-traded funds boosted activity on the crypto exchange platform. 

The company reported earnings per diluted share of $1.04 in the three months ended on Dec. 31, above expectations for a loss of $0.01 per share, according to LSEG data cited by Reuters. Trading volumes climbed to $154B from $145B in the same period a year earlier.

Elsewhere, DoorDash (NASDAQ:) shares dropped premarket after the delivery firm unveiled a wider-than-projected fourth-quarter loss due in part to elevated labor costs, while semiconductor equipment maker Applied Materials (NASDAQ:) popped on a positive second-quarter revenue outlook fueled by strong demand for advanced chips used in artificial intelligence.

Oil prices were lower in midday European trade on Friday, weighed by persistent concerns over slowing demand.

Still, crude prices were set for mild weekly gains after clocking volatile swings through the week. A softer dollar offered oil prices some relief, after the greenback fell sharply from three-month highs tracking weak U.S. retail sales data.

U.S. producer price index inflation figures, due later in the day, are now in focus for more cues on the path ahead for interest rates. Stronger-than-expected consumer inflation data released early in the week saw markets largely price out the prospect of imminent interest rate cuts by the Fed.

expiring in April fell 0.8% to $82.23 a barrel, while fell 0.6% to $77.58 per barrel by 07:19 ET. Both contracts were up about 1% for the week.

Oliver Gray contributed to this report.

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