The major index futures traded narrowly mixed early Friday as the imminent release of the June producer price inflation report kept traders on edge as they await confirmation that inflation is sustainably decreasing. After moving sharply to the downside, bond yields have begun ticking higher, but gold futures slipped. Traders may also focus on the earnings report from big banks as they herald the start of the reporting season. Analysts are optimistic about a healthy pace of earnings growth, with Factset estimating S&P 500 companies to report cumulative earnings growth of 8.8% for the second quarter. Futures Performance (+/-) Nasdaq 100 -0.07% S&P 500 +0.03% Dow +0.05% R2K +0.73% In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.12% to $567.12 and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.04% to $492.12, according to Benzinga Pro data. Cues From Last Session: U.S. stocks closed Thursday’s session sharply lower, with the Nasdaq Composite and the S&P 500 Index slumping from their all-time highs. These two averages opened on a positive note but fell steadily in the morning session. They saw a consolidation move around the lower levels and ended notably lower for the session. The 30-stock Dow Jones Industrial Average opened lower but recovered in early trading and moved mostly below the unchanged line before settling marginally higher. The decline came amid the release of a tamer-than-expected inflation ...