WALL Street's main indexes were poised for a strong opening on Friday, with the Nasdaq taking the lead as megacap tech and chip stocks recovered from the week's pummeling and a largely in-line key inflation reading kept rate-cut bets intact.

Data showed the Personal Consumption Expenditures Price Index, the U.S. Federal Reserve's preferred inflation metric, rose 0.1% on a monthly basis in June and 2.5% annually, both as expected.