Nasdaq, S&P futures rise on Intel boost; focus on key retail inflation report

[People Walking on the Wall Street]
uschools/E+ via Getty Images

Stock index futures rose on Friday, with Nasdaq futures leading the charge, as Intel (INTC [https://seekingalpha.com/symbol/INTC]) impressed investors with its results, while traders looked forward to the much-awaited consumer price index report.

S&P 500 futures (SPX [https://seekingalpha.com/symbol/SPX]) +0.2%, Nasdaq 100 futures (US100:IND [https://seekingalpha.com/symbol/US100:IND]) +0.4%, and Dow futures (INDU [https://seekingalpha.com/symbol/INDU]) were flat.

Wall Street finished higher on Thursday, as investors assessed Tesla's (TSLA) earnings and received news that President Donald Trump will meet with President Xi next Thursday.

Intel (INTC [https://seekingalpha.com/symbol/INTC]) shares rose 8.7% in premarket trade after the semiconductor giant [https://seekingalpha.com/news/4507634-intel-perks-up-as-pc-ai-helps-boost-q3-results-guidance] posted third-quarter results and guidance that topped Wall Street's expectations.

Investors will finally get some official economic data from the government, with the September retail inflation report [https://seekingalpha.com/news/4508065-cpi-preview-inflation-government-shutdown] due for release before the opening bell, even as the federal shutdown has dragged on for more than three weeks.

Headline CPI in September is seen rising 0.4% M/M, the same as the prior month. On a Y/Y basis, CPI is expected to rise 3.1%, compared with +2.9% in August.

Core CPI, which excludes food and energy prices, is projected to rise 0.3% M/M in September and 3.1% Y/Y—the same increases seen in August.

"Our U.S. economists expect headline CPI to come in at +0.42% m/m, which would push up the year-on-year rate to +3.1% and be the strongest monthly print since January. For core CPI, they project +0.32%, or +3.1% year-on-year," Deutsche Bank's Peter Sidorov said.

" September consumer price inflation is due. This lone release in the shutdown-induced data drought is because swathes of U.S. government spending are tied to the consumer price index, and the number legally has to be calculated. Markets expect the headline number to increase slightly. Any significant impact from August tariffs is not expected before the first quarter of 2026," UBS' Paul Donovan said.

In more political news, Trump said Thursday night that he was immediately [https://seekingalpha.com/news/4508056-trump-cancels-trade-negotiations-with-canada-over-reagan-ad] ending all trade negotiations with Canada because the Ontario provincial government aired an ad featuring former President Ronald Reagan speaking negatively about tariffs.

"Markets may be more concerned about increased policy uncertainty, in particular ahead of a scheduled meeting between Trump and China’s President Xi. Increased uncertainty or antagonism in the Sino-U.S. trade relationship would potentially have more serious economic consequences," Donovan said.

MARKET SNAPSHOT AS OF OCTOBER 24, 2025 (4:14 AM ET)

CATEGORY
INSTRUMENT (TICKER)
LEVEL
CHANGE
% CHANGE

INDICES
Dow Futures (INDU [https://seekingalpha.com/symbol/INDU])
46,743.81
+9.20
+0.02%

S&P Futures (SPX [https://seekingalpha.com/symbol/SPX])
6,752.77
+14.33
+0.21%

Nasdaq Futures (US100:IND [https://seekingalpha.com/symbol/US100:IND])
25,186.08
+88.67
+0.35%

TREASURIES
U.S. 2-Year (US2Y [https://seekingalpha.com/symbol/US2Y])
3.50%
+0.002
+0.06%

U.S. 5-Year (US5Y [https://seekingalpha.com/symbol/US5Y])
3.62%
+0.008
+0.22%

U.S. 10-Year (US10Y [https://seekingalpha.com/symbol/US10Y])
4.01%
+0.008
+0.20%

U.S. 30-Year (US30Y [https://seekingalpha.com/symbol/US30Y])
4.59%
+0.018
+0.39%

COMMODITIES
Gold (XAUUSD:CUR [https://seekingalpha.com/symbol/XAUUSD:CUR])
4,065.90
−60.21
−1.46%

Silver (XAGUSD:CUR [https://seekingalpha.com/symbol/XAGUSD:CUR])
48.06
−0.86
−1.76%

Crude Oil (CL1:COM [https://seekingalpha.com/symbol/CL1:COM])
61.97
+0.18
+0.29%

CRYPTO
Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD])
111,105.58
+967.58
+0.88%

Click to enlarge

MORE ON MARKETS

* The Coming 2026 Housing Bust's Impact On The U.S. Economy [https://seekingalpha.com/article/4832766-the-coming-2026-housing-bust-impact-on-the-us-economy]
* A 5% Correction Is More Likely Than A Year-End Rally [https://seekingalpha.com/article/4832730-a-5-percent-correction-is-more-likely-than-a-year-end-rally]
* Falling Mortgage Rates Further Reduce Demand In The Housing Market (Not So Paradoxically) [https://seekingalpha.com/article/4832725-falling-mortgage-rates-further-reduce-demand-in-the-housing-market-not-so-paradoxically]
* S&P 500 clocks strongest Q3 performance since 2020 [https://seekingalpha.com/news/4500398-sp-500-clocks-strongest-q3-performance-since-2020]