Traders on the stock exchange are closely watching the market as the S&P 500 futures stay steady after a strong day. On Wednesday, the S&P 500 achieved record highs again. Investors await an important consumer inflation report set for release the next morning.
Currently, the Nasdaq 100 futures are slightly up, while Dow Jones futures show a modest increase. The day’s excitement largely stems from Oracle’s impressive growth announcement, which sent its stock soaring by about 36%. This surge marked the company’s best day since 1992, adding a staggering $244 billion to its market value.
Stock analysts view Oracle’s success as a positive sign for the artificial intelligence sector, which is increasingly attracting attention from investors. AI stocks like Broadcom, AMD, and Micron also saw gains, presenting a silver lining for investors during a typically slow market period.
On Thursday morning, the consumer price index (CPI) report will be crucial. Economists predict a monthly increase of 0.3%, leading to an annual rise of 2.9%. Many are also keenly watching the core CPI, which excludes food and energy, expected to see similar growth.
Recent data shows mixed signals; the producer price index (PPI) recently dropped by 0.1% for the month, but still increased by 2.6% over the year. Julien Lafargue, a chief market strategist, noted, “The PPI’s signal is hard to ignore. Unless the CPI report surprises us, investors will likely keep a cautious approach.”
As we look at the job market, figures on unemployment claims and federal budget data will also be released soon. Earnings reports from Kroger before the market opens and from Adobe later in the day will paint a clearer picture of the economic landscape.
With the economy in flux, the stock market reflects both uncertainty and opportunity. Investors are vigilant, looking for signs of where the market might head next. For more details on these economic indicators, you can explore sources like the U.S. Bureau of Labor Statistics for reliable data.
Source link
Breaking News: Markets,Stock markets,Markets,United States,Oracle Corp,Broadcom Inc,Advanced Micro Devices Inc,Micron Technology Inc,S&P 500 Fut (Sep'25),NASDAQ 100 Fut (Sep'25),Dow Jones Fut (Sep'25),NASDAQ Composite,Dow Jones Industrial Average,Kroger Co,Adobe Inc,business news
