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U.S. stocks were poised to open slightly higher Friday, as commodities continue to gain ground.
A report from the government released Friday showed that consumer prices rose at an annual rate of 3.2% in April, with the bulk of increases coming from higher gas prices.
Stocks were getting some support from commodities, which were trending higher for a second day.
Gold futures for June delivery rose 0.1% to $1,508.80 an ounce. And silver futures for July delivery rose 2.5% to $35.66 an ounce.
Oil for June delivery gained 1.5% to $100.40 a barrel.
Companies: Shares of Yahoo (YHOO, Fortune 500) were down 6% in premarket trade after the company offered up more information about how it restructured Alipay. Yahoo was the worst performer on the S&P 500 Wednesday as investors grew cautious after a regulatory filing raised questions about the value of Yahoo's China-based assets.
The price on the benchmark 10-year U.S. Treasury was little changed, with the yield at 3.23%.
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