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The possibility that U.S. inflation won't trend much lower is raising concerns that Federal Reserve policymakers are mistakenly clinging to prospects for three interest-rate cuts this year and may lose their credibility, which could trigger cross-asset volatility.
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Terns Pharma is due to release data from an early-stage trial of an obesity treatment in pill form in the second half. Positive data would send the stock higher.
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Oil futures settled higher Thursday for the first time in three sessions to tally a solid gain for the quarter and a third straight monthly climb.
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U.S. bond yields nudged higher early Thursday, remaining within the week's tight range as traders kept powder dry ahead of inflation data on Friday.
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