Equity index futures showed significant dispersion during Friday's session as the Russell 2000 futures outperformed the broader market. Russell 2000 futures rose 1.25% to reach 2,654, recovering most of the losses from the previous session. The primary catalyst was U.S. CPI data coming in below expectations, which eased inflation concerns and pushed Treasury yields lower. While the Nasdaq-100, S&P 500, and Dow futures gave back early gains to finish near unchanged, the Russell 2000 futures maintained relative strength throughout the afternoon. This outperformance was supported by a move in the 2-Year T-Note yield to its lowest level in over three years, providing a tailwind for small-cap stocks. Despite the rally in small caps, other major indices remained near the lower end of their weekly ranges.
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