Wall Street remained firm early Friday as investors awaited new US inflation data.
The PCE price index, the Federal Reserve's (Fed) primary tool for measuring inflation, will be released in the New York session tonight.
Fed Chairman Jerome Powell recently hinted that inflation could still be above the Fed's 2% target.
The view came shortly after the Fed's decision to cut interest rates by 25 basis points at its last FOMC meeting of 2024.
However, the central bank signaled fewer rate cuts by 2025 due to uncertain inflation.
On Thursday, the Dow Jones Industrial Average gained 0.04%, while the S&P 500 and Nasdaq Composite lost 0.09% and 0.1%, respectively.
FedEx shares jumped 8% in after-hours trading, buoyed by strong quarterly results.
Meanwhile, Nike shares fell after earlier gains following a lackluster earnings report.
