Stock futures rose Friday as the major averages head for weekly losses and investors anticipated a reading of the Federal Reserve’s preferred inflation gauge. Futures tied to the Dow Jones Industrial Average advanced 215 points, or 0.5%. S&P 500 futures and Nasdaq-100 futures climbed 0.7% and 1%, respectively. Wall Street assessed June’s personal consumption expenditures price index, an inflation reading that’s preferred by central bank policymakers. On a monthly basis, headline PCE rose 0.1% and by 2.5% from a year ago. That was in line with estimates from economists polled by Dow Jones. That data comes at the end of a volatile week on Wall Street. The S&P 500 is down 1.9% this week, while the Nasdaq has lost nearly 3.1%. The Dow is down roughly 0.9% week to date. Those declines come as investors seemed to be part of a broader rotation into small caps and more cyclical areas of the market. “Volatility came back with a vengeance this week as selling pressure in the megacap space dragged down the broader market,” LPL Financial chief technical strategist Adam Turnquist said in a note to clients, adding that overbought conditions have also contributed to the recent weakness. ″Counterbalancing weakness in these heavyweight names poses a challenge for the rest of the market.” Medical device maker Dexcom plunged about 37% after releasing disappointing fiscal full-year guidance. Footwear company Deckers reported fiscal first-quarter earnings and revenue that exceeded analysts’ expectations, boosting shares by roughly 13%. U.S. Treasury yields fell Friday after the Federal Reserve’s preferred inflation gauge came in line with expectations, ahead of the central bank’s monetary policy meeting next week. The yield on the 10-year Treasury fell 3 basis points at 4.222%. The 2-year Treasury yield was last at 4.408% after declining about 4 basis points. Asia-Pacific markets mostly rebounded Friday, after Thursday’s sell-off saw some indexes in the region hit their lowest level in months. Japan’s Nikkei 225 was the notable outlier, extending losses for an eighth straight day to 37,667.41, down 0.53%. The Topix lost 0.38% to close at 2,699.54, its lowest since April 26. The Taiwan Weighted Index dropped 3.29% to end at 22,119.21 as markets resumed trading after being closed for two days due to a typhoon. Hong Kong’s Hang Seng index was up 0.34% as of its final hour of trade, while mainland China’s CSI 300 closed 0.29% higher at 3,409.29. South Korea’s Kospi rose 0.78% to end at 2,731.9, rebounding off a six-week low, while the small-cap Kosdaq was marginally up at 797.56. Australia’s S&P/ASX 200 was up 0.76%, finishing the day at 7,921.3. U.S. crude on Friday was on pace for a third weekly decline as worries about demand in China outweigh strong economic growth U.S. U.S. oil is down 2.7% this week, while Brent is 0.84% lower. The U.S. economy grew at a 2.8% pace in the second quarter, much stronger than expected. But oil imports to China were down 10.7% year over year in June, and refined product imports fell 32% during the same period, according to customs data. China is the world’s largest crude importer. West Texas Intermediate September contract: $77.92 per barrel, down 36 cents, or 0.46%. Year to date, U.S. oil has gained 8.8%. Brent September contract: $81.93 per barrel, down 44 cents, 0.53%. Year to date, the global benchmark is ahead 6.4%. Gold prices regained some ground on Friday after falling sharply in the previous session, ahead of a key U.S. inflation reading that could offer more cues on when interest rate cuts will start. Spot gold rose 0.3% to $2,372.25 per ounce, but was down 1% so far this week. Prices had hit their lowest since July 9 on Thursday after stronger-than-expected U.S. economic growth data. “That’s a bearish factor for gold prices, which tend to fare worse during times of economic strength when other assets perform more positively,” said Frank Watson, market analyst at Kinesis Money. Gold prices are down 4.5% since they hit a record high of $2,483.60 on July 17 on growing optimism for a rate cut from the Federal Reserve in September.