British News Agency

Futures tied to the Dow Jones Industrial Average rose 7 points, or 0.01%. S&P 500 futures gained 0.09%, while Nasdaq 100 futures increased by 0.1%.

Investors will receive updated information on the state of the economy Friday morning with the release of the fourth-quarter gross domestic product report. Economists surveyed by Dow Jones expect real GDP to grow by 2.5%. The 4.4% increase in the third quarter significantly exceeded estimates.

The report on the personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, will also be released. According to the Dow Jones survey, economists expect the headline figure to show a 2.8% annual increase. Core PCE, which excludes volatile and energy prices, is estimated to have risen 3% over the past 12 months.

Fed policymakers are divided between those concerned about supporting the labor market and those more worried about inflation. The pace of price increases is generally trending lower, but inflation remains above the central bank’s 2% target. Minutes from the Fed’s January meeting indicate that some officials want to see more evidence of cooling inflation before voting for additional rate cuts.

On Friday, a highly anticipated Supreme Court decision could also be issued, as many on Wall Street await a ruling on the legality of Trump’s tariffs under the International Emergency Economic Powers Act.

Investors believe the stock market would react positively if the tariffs are lifted, despite expectations that the White House could use other methods to reimpose them at another time. The Supreme Court’s decision days, during which it does not announce in advance the cases it will rule on, are also scheduled for next Tuesday and Wednesday.

The S&P 500 fell about 0.3% on Thursday, and the broad market index has changed little so far this year. The Nasdaq Composite declined 0.3% during the regular session, while the Dow Jones Industrial Average dropped 267 points, or 0.5%.

Tensions between the U.S. and Iran increased after Trump announced that he would decide within the next 10 days whether to launch a military strike against Iran. Oil prices also rose amid concerns over a potential attack.

Since the start of the week, the S&P 500 has posted a modest gain of 0.4%. The tech-heavy Nasdaq is preparing to end a five-week losing streak, after rising 0.6% on Thursday. The Dow, however, appears on track to record a loss of about 0.2% over the same period.