Stock Market Today: Dow Jones, S&P 500 Future Drop Ahead Of January Wholesale Inflation Print—Netflix, Block, Rocket Lab In Focus

U.S. stock futures fell on Friday after a mixed close on Thursday. Futures of major benchmark indices were negative.<br /><br />Investors are eyeing the publication of January's producer price index data, scheduled to be released before the opening bell. Forecasts from economists suggest that headline wholesale inflation will climb to 0.3% this month, a figure matched by the projected 0.3% rise in core PPI, which strips out the more volatile energy and food sectors.<br /><br />Meanwhile, the 10-year Treasury bond yielded 4.00%, and the two-year bond was at 3.42%. The CME Group's FedWatch tool‘s projections show markets pricing a 96.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.<br /><br />The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Friday. The SPY was down 0.21% at $687.86, while the QQQ declined 0.12% to $608.52.