U.S. Stock Futures Mixed Ahead of August PPI Data Release
U.S. stock futures showed mixed performance early Wednesday as traders awaited the August Producer Price Index (PPI) report for insights into the health of the economy. Nasdaq 100 (NDX) and S&P 500 (SPX) futures edged up 0.18% and 0.24%, respectively, while Dow Jones Industrial Average (DJIA) futures dipped 0.13%.
Tuesday's session saw record highs for major indexes, buoyed by UnitedHealth's (UNH) optimistic Medicare Star Ratings update. Conversely, Apple (AAPL) shares fell 1.5% as its new iPhone lineup failed to impress investors. Oracle (ORCL) shares rose post-market despite missing Q1 earnings and revenue estimates, fueled by bullish cloud infrastructure revenue projections.
Market focus now shifts to the PPI data, which could influence near-term trading sentiment across equities and risk assets, including cryptocurrencies.