US Stock Futures Rise as Investors Await CPI Data
Nasdaq futures climbed 0.41% in premarket trading as the market prepares for the August consumer price index release.
US stock index futures advanced on Friday morning ahead of the consumer inflation report. Nasdaq futures led the gains, rising 0.41% in premarket trade. S&P 500 futures increased by 0.37%, while Dow futures climbed 0.31%. Investors are positioned for the data release before the opening bell.
Analysts expect energy costs to drive the August figures. The consensus points to a 0.4% month-on-month increase in the Consumer Price Index. Year-on-year inflation is projected at 3.4%. The report will provide the latest gauge on price stability and Fed policy expectations.
Oracle Beats Wall Street Estimates
Oracle shares surged 5.5% in early trading following its quarterly announcement. The company reported fiscal first-quarter results that exceeded consensus by a wide margin. Guidance for the coming period also topped analyst forecasts. The strong performance contributed to broader tech sector optimism.
Treasury Yields Decline Across Curve
The two-year Treasury yield fell 2.2 basis points to 4.57%. The benchmark 10-year yield dropped 1.6 basis points to 4.95%. The 30-year yield decreased by 0.5 basis points to 5.36%. Bond markets reflect a slight easing in rate expectations ahead of the data.
Sector Leaders and Laggards
Copart led S&P 500 movers with an 8.42% gain. Oracle added 4.13% to its premarket value. FactSet Research Systems rose 2.00%, and Paramount Skydance gained 1.93%. On the downside, GoDaddy fell 2.98%. Robinhood Markets dropped 2.51%, and Adobe declined 2.35%. According to GN markets/inflation (en-US), these moves highlight divergence in stock performance ahead of the macroeconomic release.
