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U.S. Stocks Head Toward Flat Open

Friday, June 15, 2007 6:50:56 AM
By TIM PARADIS

Traders Brendan Dowd, left, Joseph Atanasio, center, and  Edward Stephen huddle on the floor of the New York Stock Exchange, Tuesday, June 12, 2007.  Stocks retreated Tuesday as investors kept a close eye on rising bond yields that cemented the belief on Wall Street that the Federal Reserve won't lower interest rates anytime soon. (AP Photo/Richard Drew)NEW YORK (AP) - Stocks headed for a flat opening Friday ahead of the week's most anticipated economic reading, which Wall Street hopes will help ease inflation concerns that have jolted stock and bond markets in recent sessions.

The consumer price index, due for release an hour before the opening bell, is expected to edge higher. The core personal consumption price index — the Federal Reserve's preferred measure of inflation — excludes often volatile food and energy prices.

Dow futures expiring in September rose 17, or 0.12 percent, to 13,705, while Standard & Poor's 500 index futures rose 1.10, or 0.07 percent, at 1,540.60. Nasdaq 100 index futures advanced 2.75, or 0.14 percent, to 1,954.00.


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