March 13 (Reuters) - U.S. stock index futures extended
gains slightly on Friday as investors assessed data on inflation
and economic growth for cues on the Federal Reserve's policy
path.
The Personal Consumption Expenditure index, the Federal
Reserve's preferred inflation gauge, rose 0.3% in January, on a
monthly basis, in line with economists' estimates of a 0.3%
rise. On an annual basis, it rose 2.8% versus expectations of a
2.9% rise.
Core PCE, which excludes the volatile food and energy
components, rose 0.4% on a monthly basis, in line with
economists' forecasts of a 0.4% rise.
Meanwhile, the Commerce Department's second estimate showed
gross domestic product (GDP) increased by 0.7% in the previous
quarter, compared with 1.4% growth expected by economists polled
by Reuters.
At 8:31 a.m. ET, Dow E-minis were up 201 points,
or 0.43%, Nasdaq 100 E-minis were up 102.25 points,
or 0.42%, and S&P 500 E-minis were up 29.75 points,
or 0.44%.