U.S. stock index futures gave back some of their gains on Friday after the release of key inflation data.
Dow Jones industrial average futures traded 72 points higher; they had risen more than 100 points earlier in the session. S&P 500 futurews were down half a point and Nasdaq 100 futures fell 21 points.
The Labor Department said its Consumer Price Index excluding the volatile food and energy components rose 0.3 percent last month. That was the biggest advance in the so-called core CPI since January.
Equity futures had risen after Wells Fargo and J.P. Morgan Chase reported better-than-expected quarterly results. BlackRock also posted results that beat expectations.
On Thursday, the Dow hit an all-time high, with the index rising more than 200 points by the close. The state of the U.S. economy and tax reform is set to be of key importance on Friday as major U.S. banks are set to report.
Markets have been on the rise as of late, after President Donald Trump signed a bill in December to slash the corporate tax rate from 35 percent to 21 percent.
Meantime, investors will keep a close eye on bond markets, after investors fretted over the risk of China halting its Treasury bond purchases.