Wall Street leans toward more gains ahead of important U.S. inflation update Boston 25 News [Video]

Wall Street pointed toward gains early Friday ahead of a highly anticipated inflation update from the U.S. government.

Futures for the S&P 500 were up 0.4% before the bell, while futures for the Dow Jones Industrial Average rose 0.2%.

Chipmakers were broadly higher before the open, led by Marvell Technology, which was up 10.6% after its latest quarterly results hit Wall Street’s sales and profit targets.

Dell also beat analysts’ second-quarter forecasts, boosted by record server and networking revenue as companies continue to beef up their artificial intelligence infrastructure. Its shares rose 4.4% in premarket.

Mall-based cosmetics retailer Ulta Beauty tumbled 8.7% after its sales and profit fell short of expectations. Ulta, which Warren Buffet’s Berkshire Hathaway revealed a stake in earlier this month, also trimmed its guidance below analysts’ forecasts.

Mostly solid U.S. earnings and economic growth updates are capping off a month of encouraging reports for the broader economy. Data from various …