US Stock Futures Rise as Oil Retreats Before CPI Data

US stock futures rose on Friday after stocks had a difficult day.

Investors hoped prices would recover.

Oil prices dropped sharply, which helped markets feel less pressured.

However, oil was still much more expensive than at the start of the week.

Expensive oil can make fuel and other goods cost more, increasing inflation.

Traders were waiting for the United States inflation report, called the CPI.

The report could influence what the Federal Reserve does with interest rates next week.

Some companies moved sharply before trading began, including Oracle, Adobe and ACV Auctions.

Fighting and shipping risks in the Middle East also added uncertainty.