us stock futures bounced back friday ahead of the release of two indicators that federal reserve officials will use to judge inflation pressures on thursday the dow jones industrial average djia fell 237 points or 067 to 35283 the sp 500 spx declined 29 points or 064 to 4537 and the nasdaq composite comp dropped 77 points or 055 to 14050 friday will see two major releases on inflation the pce price index which is the fed’s preferred measure of inflation as well as the quarterly employment cost index a crucial measure of wages both are due at 830 am eastern expectations are that the core pce price index will rise 02 on a monthly basis and that the employment cost index will climb 11 “a soft eci number can wipe out the final 8bp that is priced for the us tightening cycle this year and will probably knock the dollar 0510 lower this would be a good story for risk assets where both the fed and seemingly the ecb would be closer to ending tightening cycles” said chris turner global head of markets at ing earnings season rolls on with companies including exxon mobil xom and procter  gamble pg set to release results markets also were paying attention to the latest bank of japan decision where the central bank did as a report in the nikkei that jarred markets on thursday and allowed bond yields tmbmkjp10y to exceed the previous boundary of 05 and go as high as 1 coming as inflation in the country has accelerated the move further increased speculation of eventual policy normalization