US futures advance ahead of CPI data as Oracle surges on AI cloud momentum, while Adobe faces pressure from a weak revenue outlook and Brent crude retreats on shipping deal hopes.
Oracle shares rose after hours on better-than-expected quarterly results and raised guidance.
Adobe shares declined after hours due to lower-than-expected fourth-quarter revenue forecast.
Dow futures rose 232 points ahead of US CPI data and Fed decision.
S&P 500 futures gained 33 points as markets awaited inflation data.
Nasdaq 100 futures advanced 120 points amid tech earnings optimism.
Brent crude futures eased following reports of a potential shipping deal in the Strait of Hormuz.
US stock futures climbed on Friday as investors braced for August inflation data and next week's Federal Reserve meeting. While Oracle shares rallied on strong AI-driven cloud demand and raised guidance, Adobe shares declined following a softer-than-expected fourth-quarter revenue forecast. Meanwhile, Brent crude prices eased slightly amid reports of a potential shipping agreement in the Strait of Hormuz.
Investors are positioning for August inflation data, which will play a key role in the Federal Reserve's upcoming interest-rate policy decision.
Oracle benefited from robust demand for its AI cloud infrastructure and increased guidance, whereas Adobe's outlook for the fourth quarter fell short of consensus expectations.