S&P Futures Rise as Oil Prices Drop Ahead of U.S. Inflation Data; Oracle Surges on Earnings
September S&P 500 futures rose by more than half a percent, supported by falling oil prices and easing bond yields ahead of key U.S. inflation data expected to influence the Federal Reserve's policy decisions. Oil benchmarks Brent crude and WTI retreated slightly after concerns over slowing demand emerged from the International Energy Agency, though both remained on track for weekly gains due to ongoing tensions in the Middle East. Oracle shares surged more than 6% pre-market following better-than-expected cloud infrastructure revenue results that signaled success with AI data center investments. In contrast, several stocks fell sharply after missing earnings expectations or cutting guidance, including Cooper Cos., American Eagle Outfitters, and chipmakers Lam Research and Intel.
Tickers: $ORCL
Topics: inflation data oil prices Oracle earnings S&P Futures