U.S. stock futures pointed marginally lower on Friday, as investors gauged the outlook for the debt ceiling negotiations and eyed the release of inflation data closely watched by Federal Reserve officials (see below).

At 05:23 ET (09:23 GMT), S&P 500 futures edged down by 7 points or 0.18%, Nasdaq 100 futures were widely unchanged, and the Dow futures contract dipped by 64 points or 0.20%.

Equities on Wall Street broadly rallied in the prior session after a blowout forecast from chipmaking giant Nvidia (NASDAQ:NVDA) convinced traders to increase their bets on artificial intelligence companies. The benchmark S&P 500 gained 0.88%, while the tech-heavy Nasdaq Composite jumped by 1.71%.