Dow Futures Edge Higher As Wall Street Awaits Consumer Inflation Data: ORCL, OPEN, KLAR, ADBE Among Stocks To Watch

by

While Dow Jones futures were up 0.16% at the time of writing, the S&P 500 futures rose 0.19%.

U.S. stocks appear set for a positive opening on Thursday ahead of the release of the consumer price index (CPI) report, days before the Federal Open Market Committee’s (FOMC) September meeting.

Add Asianet Newsable as a Preferred Source

The Producer Price Index (PPI) report, released on Wednesday, showed a 0.1% decline in wholesale inflation for August, which was lower than Wall Street’s estimates.

While Dow Jones futures were up 0.16% at the time of writing, the S&P 500 futures rose 0.19%, while the tech-heavy Nasdaq 100’s futures gained 0.26%. Futures of the Russell 2000 index were up 0.03%.

Meanwhile, the SPDR S&P 500 ETF (SPY) was up 0.2% at the time of writing, while Invesco QQQ Trust (QQQ) gained 0.31% on Thursday morning. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.

Asian markets ended Wednesday’s trading session on a largely positive note, with the Shanghai Composite leading with gains of 1.63%, followed by the Nikkei 225 index at 1.02%, the KOSPI at 0.89%, and the TWSE Capitalization Weighted Stock index at 0.09%.

The Hang Seng index declined 0.29%.

Stocks To Watch

  • Oracle Corp. (ORCL): Oracle shares surged nearly 1.5% in Thursday’s pre-market trade after a report by The Wall Street Journal stated that $300 billion out of the $455 billion remaining performance obligations (RPO) of the company was from OpenAI.
  • Opendoor Technologies Inc. (OPEN): Opendoor shares soared nearly 33% in Thursday’s pre-market session after it named Shopify Inc.’s (SHOP) COO, Kaz Nejatian, as its new CEO. Co-founders Keith Rabois and Eric Wu have also returned to the company’s board, with Rabois being appointed as the chairman.
  • Klarna Group Plc. (KLAR): Klarna shares declined nearly 3% pre-market after making a strong debut on the New York Stock Exchange (NYSE) on Wednesday, ending the day with gains of nearly 15%.
  • Adobe Inc. (ADBE), The Kroger Co. (KR), and RH (RH) are among the companies scheduled to report their latest quarterly earnings on Thursday.

 

For updates and corrections, email newsroom[at]stocktwits[dot]com.<

Leave a Comment