Stock futures rose early Friday as the consumer price index was flat in November, with the core rate rising 0.2%. European stocks were trading higher, and U.S. banks rode that momentum despite an announcement by Fitch Ratings late on Thursday of downgrades to major banks including Morgan Stanley (MS), Bank of America (BAC) and Goldman Sachs (GS).
Dow futures rose 69 points to 11,891; S&P 500 futures rose 8.7 points to 1,220.4.
Tech stocks are in the spotlight this morning, with Research in Motion (RIMM) falling 10% on a weak forecast, and social-game company Zynga (ZNGA) set to start trading today.
Cablevision (CVC) fell 9% after its COO suddenly resigned.
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