Small- and mid-cap stocks were leading their large-cap peers on Friday as Treasury yields declined, delivering an added kick to smaller stocks with more floating-rate debt. Meanwhile, the Nasdaq Composite turned lower in late-morning trade as weakness in chip stocks like Nvidia and Broadcom,

Premarket trading on Wall Street was relatively listless Friday ahead of the government's latest inflation report. Futures for the S&P 500 and the Dow Jones Industrial Average were essentially unchanged less than two hours before the opening bell,