(Reuters) - NEW YORK, June 15 - U.S. stock futures pointed to
a higher Wall Street open on Friday as government data showed
consumer prices, excluding food and energy, grew less than
expected in May, underscoring optimism about continued economic
growth while inflation moderates.
The data would help the stock market extend its recovery
after a skittish bond market drove yields to five-year highs
this week as worries about higher interest rates took center
stage. Investors had worried that a rise in bond yields would
hurt takeovers and share buybacks as borrowing costs rise.
Read more at Reuters.com Bonds News
a higher Wall Street open on Friday as government data showed
consumer prices, excluding food and energy, grew less than
expected in May, underscoring optimism about continued economic
growth while inflation moderates.
The data would help the stock market extend its recovery
after a skittish bond market drove yields to five-year highs
this week as worries about higher interest rates took center
stage. Investors had worried that a rise in bond yields would
hurt takeovers and share buybacks as borrowing costs rise.
Read more at Reuters.com Bonds News
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