Wall Street shares were largely flat in early trading Friday, the Associated Press reports, with futures for the S&P 500 up 0.2% and Dow Jones Industrial Average futures essentially unchanged.
Traders were proceeding with caution ahead of a key U.S. inflation report that could direct Federal Reserve policy. Expectations that the Fed will cut interest rates in the near future were dampened Thursday when reports suggested a stronger-than-anticipated job market.
Shares of Warner Bros. rose nearly 3% in premarket trading while shares of Netflix and Paramount fell more than 2%.
In energy markets, U.S. benchmark crude shed 7 cents to $59.60 per barrel. Brent crude, the international standard, gave up 1 cent to $63.25 per barrel.
