STOCKS | U.S. Stock Index Futures Extend Gains After May PCE Rises 0.4% Month on Month

U.S. stock index futures extended gains after May personal consumption expenditures (PCE) inflation rose 0.4% month on month, below the 0.5% forecast from economists surveyed by Reuters. According to NS3.AI, the headline PCE index increased 4.1% year on year, matching expectations. Core PCE, which excludes food and energy, rose 0.3% month on month and increased 3.4% year on year.