FX.co ★ US Futures Flat Ahead of CPI Report

U.S. stock futures remained steady on Thursday as investors anticipated the release of the August consumer inflation report. This report could potentially bolster expectations for a significant 50 basis point interest rate reduction by the Federal Reserve in the coming week. Additionally, market participants were focused on upcoming data, including weekly jobless claims and federal budget figures. On the corporate earnings front, results from Kroger and Adobe were eagerly awaited. In the previous day's trading, the S&P 500 experienced a 0.3% increase, while the Nasdaq Composite saw a modest gain of 0.03%. Both indices reached new record highs, spurred by an unexpected dip in producer prices and an optimistic forecast from Oracle. In contrast, the Dow Jones Industrial Average declined by 0.48%, largely due to a drop in Apple's stock following a product launch that failed to meet investor expectations. Shares of Oracle surged by 36% driven by robust AI-driven cloud bookings, whereas Apple saw a decline of 3.2% after the iPhone 17 unveiling left investors underwhelmed.