Dow, S&P 500, Nasdaq futures climb as key CPI inflation report looms

🤖 Intel stock jumps as Q3 earnings beat expectations, AI drives chip demand

Intel (INTC) stock jumped more than 8% in premarket trading on Friday as the chipmaker reported third quarter earnings and revenue that topped Wall Street's expectations.

Intel reported $13.7 billion in revenue for the three months ended Sept. 27, higher than the $13.15 billion expected by analysts tracked by Bloomberg and $13.28 billion the previous year.

The chipmaker said that adjusted earnings per share was $0.23, above the $0.01 projected by Wall Street. The company reported a loss of $0.46 during the same period in 2024. Yahoo Finance reports.


📊 Inflation seen holding firm near 3% as tariffs complicate Fed's path

September's Consumer Price Index (CPI) is expected to show inflation holding stubbornly around 3%, underscoring how tariffs and service-sector stickiness continue to complicate the Federal Reserve's path toward its 2% target.

The report, set for release on Friday at 8:30 a.m. ET, was delayed by the ongoing government shutdown. It marks the first major piece of federal economic data since the shutdown began - now the second-longest in US history with no end in sight.

Economists surveyed by Bloomberg expect headline CPI to rise 0.4% month over month, matching August's pace, and 3.1% year over year - the highest since May and above the 12-month average of 2.7%. Yahoo Finance reports.


🤖 Google TPUs find sweet spot of AI demand, a decade after chip’s debut

In an AI chip industry that’s almost entirely commanded by Nvidia Corp., a Google chip first developed more than 10 years ago especially for artificial intelligence tasks is finally gaining momentum outside its home company as a way to train and run complex AI models.

Anthropic PBC on Thursday unveiled a deal with Alphabet Inc.’s Google to supply the artificial intelligence startup with more than a gigawatt of additional computing power, valued in the tens of billions of dollars. Yahoo Finance reports.


📊 Procter & Gamble beats earnings estimates but reveals waning demand in some categories

Procter & Gamble on Friday reported fiscal first-quarter earnings and revenue that beat analysts’ expectations, lifted by higher demand for its beauty and grooming products.

Despite higher costs from tariffs and what CEO Jon Moeller called a “challenging consumer and geopolitical environment,” P&G reiterated its forecast for all-in sales and earnings for the fiscal year, which began in July.

Shares of the company rose 3% in premarket trading. CNBC reports.


✈️ Alaska Airlines restores operations after tech outage grounds flights

U.S. carrier Alaska Airlines (ALK.N), said early on Friday it had restored operations following a technology outage that grounded flights across all airports and led to the cancellation of more than 229 flights.

"We are working to get our operations back on track as quickly and safely as possible," the airline said, adding that further flight disruptions were likely.

Alaska Air Group said it does not yet have an estimate of the financial impact the disruption may have on its fourth-quarter results. Reuters reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


E: Eni
Q3 2025
Before Market Open
Estimate: 0.730
Actual: 0.641

NHYDY: Norsk Hydro
Q3 2025
Before Market Open
Estimate: 0.080
Actual: 0.101

SNY: Sanofi
Q3 2025
Before Market Open
Estimate: 1.600
Actual: 1.701

Time (ET)/ Report/ Period

8:30 AM - **Consumer price index - Sept.
8:30 AM - **CPI year over year - N/A
8:30 AM - **Core CPI - Sept.

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