U.S. stock futures are pointing higher as investors review tech earnings and watch for inflation data and tariffs updates; the Personal Consumption Expenditures (PCE) price index is expected to show inflation moved higher for a third straight month in December; Apple ( AAPL ) stock is rising in premarket trading after the tech giant grew revenue and earnings to record levels despite soft iPhone sales; Intel ( INTC ) shares are gaining after the chipmaker posted lower-than-expected quarterly losses; and President Donald Trump says he will move forward with 25% import tariffs on Mexico and Canada on Saturday but may exclude oil products. Here's what investors need to know today.

1. US Stock Futures Higher as Investors Watch for Inflation Data, Tariffs Updates

U.S. stock futures are pointing higher as investors parse tech sector earnings reports and await updates on U.S. inflation and tariffs on foreign imports. Nasdaq futures are 0.8% higher following gains in the prior session , while S&P 500 and Dow Jones Industrial Average futures also are moving higher. Gold and oil futures are little changed. Yields on the 10-year Treasury note are inching higher. Bitcoin ( BTCUSD ) is little changed at just below $105,000.

2. PCE Report Expected to Show Inflation Rose in December

The December PCE reading is expected to show that inflation moved higher for a third straight month when that data is released at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal and Dow Jones Newswires expect the measurement to show that prices increased by 2.6% in December from a year earlier, up from 2.4% in November. The PCE is the preferred inflation gauge of the Federal Reserve , which earlier this week cited elevated inflation as a factor in keeping interest rates unchanged.

3. Apple Stock Surges on Record-Setting Revenue, Earnings

Apple ( AAPL ) shares are rising 4% in premarket trading after it reported record quarterly revenue levels despite a slowdown in iPhone sales. The tech giant reported revenue rose 4% year-over-year to a record $124.3 billion, in line with the analyst consensus from Visible Alpha. Earnings came in at $36.3 billion, including an all-time high of $2.40 per share, above expectations. Analysts have raised concerns about the iPhone's falling market share in China, though CEO Tim Cook said that iPhone upgrades accelerated during the period.

4. Intel Stock Rises as Losses Come in Lower Than Expected

Intel ( INTC ) shares are moving 1.3% higher in premarket trading as the chipmaker posted results that were better than analysts expected. Intel reported a loss of $100 million, or 3 cents per share, on revenue that fell 7% year-over-year to $14.3 billion. Intel's foundry division, which makes chips for other companies, delivered revenue of $4.5 billion, also beating Visible Alpha estimates. Interim co-CEOs Michelle Johnston Holthaus and David Zinsner said the fourth quarter showed progress in Intel's turnaround plan, thanks in part to efforts to cut costs.