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Provided by Dow Jones By Caitlin Ostroff U.S. stock futures edged high after fresh data showed a jump in inflation in April. Futures tied to the S&P 500 added 0.3%, indicating that the broad market index could end the week with gains. Tech heavy Nasdaq-100 futures rose 0.2%. The Federal Reserve s preferred measure of inflation the price index for personal-consumption expenditure, excluding food and energy rose 3.1% from a year earlier. A surge in demand after Covid-19 restrictions were lifted, coupled with supply chain strains, likely led to a rise in prices last month. Investors and central bankers have closely monitored inflation data to see if these pressures are likely to be temporary or long-lasting. Such data will guide whether policy makers relax measures that have helped markets recover from pandemic lows.

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