U.S. stock futures are edging lower as investors prepare for today's release of a key inflation report; the Personal Consumption Expenditures (PCE) data is expected to show inflation remained elevated in February; General Motors (GM) shares continue to move lower after President Donald Trump's tariffs on auto imports; Nvidia (NVDA)-backed cloud computing company CoreWeave is expected to make its trading debut today on the Nasdaq; and U.S. Steel (X) shares are jumping on a report th꧃at Nippon Steel is planning to invest up to $7 billion to get Trump's approval of their $1𒊎4 billion merger. Here's what investors need to know today.

1.😼 US Stock Futures Edging Lower Ahead of Key I⛄nflation Report

U.S. stock futures are edging lower ahead of today's release of key inflation data after 澳✤洲幸运5官方开奖结果体彩网:indexes fell for a second consecutive session Thursday. Nasdaq futures are 0.3% lower after the tech-heavy index fell 0.5% in the prior session. 澳洲幸运5官方开奖结果体彩网:S&P 500 and 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures also are pointing slightly lower after the indexes recorded losses yesterday. Bitcoin (BTCUSD) is dropping to trade below $85,000. The 10-year Treasury yield and oil futures also lower. ไGold futures are m🌃oving higher.

2. PCE Data Expected to Show Inflation Remain🌱ed Elevated in February

Inflation is expected to 澳洲幸运5官方开奖结果体彩网:have remained stubbornly elevated in February when the 澳洲幸运5官方开奖🅠结果体彩网:Pe💟rsonal Consumption Expenditures (PCE) data is released at 8:30 a.m. ET. Economists surveyed Dow Jones Newswires and The Wall Street Journal expect the February PCE measurement to show prices rose at an annual rate of 2.5%, the same level as the prior month. "Core" inflation—the benchmark that officials at𝄹 the Federal Reserve use to gauge whether inflation is running at the central bank's target of a 2% annual rate—is expected to have risen 2.7%, up from 2.6% in January.

3. GM Stock Falls Further Following New Aℱuto Tariffs

General Motors (GM) 澳洲幸运5官方开奖结果体彩网:shares are falling 1% further in premarket trading after shedding more than 7% yesterday on 澳洲幸运5官方开奖结果体彩网:President Trump's auto tariffs announcement. Shares of Jeep and Chrysler parent Stallantis (STLA) are down more than 2% after a 1.3% decline Thursday, while those of Ford (F) are edging higher after a nearly 4% drop yesterday. Tesla (TSLA) shares, which were viewed as having little exposure to the tariffs, are up more than 1% af𒊎ter rising 0.4% yesterday.

4. Nvidia-Ba♎cked CoreWeave Expected to Start Trading Today

CoreWeave, a cloud computing company backed by Nvidia (NVDA), is 澳洲幸运5官方开奖结果体彩网:expected to start trading today on the Nasdaq under the ticker "CRWV." The company on Thursday priced its 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO) at $40 per share, below the expected range of $47 to $55 per share. CoreWeave offered 37.5 million shares, fewer than the 49 million shares previously ant꧅icipated. That would leave the company's valuation at about $23 billion on a fully diluted basis.

5. US Steel Stoc🌜k Rises on Report of Nippon Investment to Save Merger

U.S. Steel (X) shares are up about 5% in premarket trading after Semafor reported that Nippon Steel is offering to 澳洲幸运5官方开奖结果体彩网:spend as much as $7 billion to upgrade the American company's aging Rust Belt facilities in a bid to obtain Trump administration approval of their $14 billion merger. The Biden administration had blocked the sale of U.S. Steel to the Japanese firm on national security grounds in January. Trump said at a February press conference that he supported Nippon Steel's investing in U.S. Steel rather than buying it.