U.S. stock index futures extend gains as PCE data largely meets expectations

Odaily Planet Daily News According to MSX.COM data, U.S. stock index futures extended gains after the PCE data largely met expectations, reinforcing market hopes that the Federal Reserve will not be too hawkish. The Commerce Department report showed the PCE rose 0.4% month-on-month in May, compared with the 0.5% increase expected by economists polled by Reuters. The year-on-year increase was 4.1%, in line with expectations. Core PCE rose 0.3% month-on-month, in line with expectations; the year-on-year increase was 3.4%.