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Dow futures little changed, Oracle adds 3.3% after earnings

Published 2023-06-12, 06:34 p/m
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Investing.com - U.S. stock futures were trading steady during Monday's evening deals, after major benchmark averages notched fresh multi-month highs during regular hours as tech stocks rallied, with investors looking ahead to key inflation data as well as the Fed's interest rate decision.

By 18:30 ET (22:30 GMT), Dow Jones futures and S&P 500 futures remained flat, while Nasdaq 100 futures lifted 0.1%.

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In extended deals, Oracle Corporation (NYSE:ORCL) lifted 3.3% after reporting EPS of $1.67 versus $1.58 expected on revenues of $13.8 billion versus $13.74B expected.

Ahead, in Tuesday's session, market participants will be closely monitoring CPI data, with annualized inflation expected to ease to 4.1% from last month's reading of 4.9%. This data will also directly inform the Fed's interest rate decision due on Wednesday.

During Monday's regular trade, the Dow Jones Industrial Average added 189.6 points or 0.6% to 6-week highs of 34,066.3, the S&P 500 lifted 40.1 points or 0.9% to a fresh yearly high of 4,338.9, and the Nasdaq Composite gained 202.8 points or 1.5% to 14-month highs of 13,461.9.

On the bond markets, United States 10-Year rates were at 3.743%.

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