us stock futures edged higher on friday as traders assess latest fed commentary with key options contracts set to expire on thursday the dow jones industrial average djia fell 8 points or 002 to 33546 the sp 500 spx declined 12 points or 031 to 3947 and the nasdaq composite comp dropped 39 points or 035 to 11145 stocks faced pressure on thursday after st louis fed president james bullard said interest rates may have to climb as high as 7 to restrict the economy enough to fight inflation “bullard’s vocal view that rates need to get to 57 was intended to bend the fed funds implied curve so cuts priced by investors for the second half of 2023 are priced out as has been the case throughout 2022 hawkish rhetoric jackson hole anyone creates equity market volatility” said strategists at evercore isi bond yields continue to climb on friday with the fed policysensitive 2year treasury tmubmusd02y yielding 448 friday’s data calendar includes releases on existing home sales and leading economic indicators boston fed president susan collins is due to give a speech about the labor market at 840 am eastern there’s also some 21 trillion of options that expire according to data from goldman sachs