U.S. stock futures were flat early Friday morning after the S&P 500 hit a new high during regular trading, despite hotter-than-expected inflation data.
Futures tied to the Dow Jones Industrial Average and the S&P 500 were close to flat. Nasdaq-100 futures also rose marginally.
During the regular session, the Dow Jones Industrial Average rose 19 points, or 0.06% to 34,466.24. The S&P 500 ended the day up 0.47% at 4,239.18. The Nasdaq Composite ended the day up 0.78% at 14,020.33.
The Labor Department reported consumer price index data on Thursday, showing inflation is rising at its fastest pace since 2008 as the economy rebounds from the pandemic-related recession.
The CPI represents a basket including food, energy, groceries and prices across a spectrum of goods, and jumped 5% in May from a year earlier.