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US stocks poised for a gain with data pointing to rising inflation

Trading may be quieter ahead of the Monday Presidents Day holiday in the US

US stocks poised for a gain with data pointing to rising inflation

US stock futures rose slightly on Friday, losing some steam after a reading of import prices underlined signs of a pickup in inflation, MarketWatch reports. However, equity gauges looked set for a sixth straight advance and the best weekly performance in more than a year.

Traders may also be weighing making big bets ahead of the long holiday weekend. US financial markets will be closed Monday in observance of Presidents Day.

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