Wall Street was set for a higher open on Friday, as optimism about a soft landing for the economy and China’s stimulus measures outweighed concerns over inflation and interest rates. The S&P 500 futures gained 0.3%, while the Dow Jones Industrial Average futures rose 0.2%. The optimism came after data showed China’s factory activity expanded at a faster-than-expected pace in September, while the Federal Reserve signaled it could slow the pace of rate hikes. The Cboe Market Volatility Index, a measure of market anxiety, fell 2.5%.
