U.S. stock futures mixed as investors await inflation report

S&P 500 Futures rose 0.1% to 6,529.25 points, Nasdaq 100 Futures were largely unchanged at 23,882.25 points, while Dow Jones Futures dropped 0.2% to 45,649.0 points

U.S. stock futures were little changed on Tuesday evening after the stock market’s main indexes closed at record highs in the regular session, as investors awaited inflation figures ahead of a potential central bank rate cut next week.

S&P 500 Futures rose 0.1% to 6,529.25 points, while Nasdaq 100 Futures were largely unchanged at 23,882.25 points by 00:10 GMT. Dow Jones Futures dropped 0.2% to 45,649.0 points.

During the regular session, the Dow, S&P 500, and Nasdaq all closed at record highs, driven by growing market confidence in an impending rate cut.

The S&P 500 added 0.3% to hit a new record closing high, while the Dow Jones Industrial Average gained 0.4% and the NASDAQ Composite jumped 0.4% to their respective record closing highs.

Government data released on Tuesday showed U.S. employment growth in the 12 months through March was revised lower by 911,000 jobs, underlining signs of a cooling labor market.

The benchmark revision reinforced views that the economy is losing momentum, adding to pressure on the central bank to ease policy.

Attention now turns to Wednesday’s producer price index report and Thursday’s consumer price index, both of which are expected to provide crucial signals on the inflation outlook.

Traders now fully see a chance that the bank will lower rates by at least 25 basis points next week, according to CME’s FedWatch tool. Odds of a more aggressive 50 basis point cut have also risen.

In after-hours trading, Oracle stock climbed more than 28% posted mixed results, but excited investors with a bullish AI-backed outlook.

Oracle’s MultiCloud database revenue, driven through partnerships with Amazon, Google, and Microsoft, soared 1,529% in the quarter.

GameStop Corp shares climbed almost 6% in extended trading after the company delivered a strong second quarter, with revenue increasing 22% to $972.2 million from a year earlier.