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10.09.202500:22:49UTC+00US Futures Steady Ahead of Inflation Data

US stock futures showed little movement on Wednesday as investors anticipated significant inflation reports poised to influence the Federal Reserve's upcoming policy decisions. The market is set to receive the producer price index today and the consumer price index tomorrow. Among corporate highlights, Oracle experienced a remarkable 28% surge during after-hours trading. This spike followed revelations that its multicloud database revenue from Amazon, Google, and Microsoft soared by 1,529% this past quarter, fueled by a strong demand for AI servers. Furthermore, Oracle provided an optimistic forecast for its cloud services, with CEO Safra Catz emphasizing multi-billion dollar agreements secured with three customers in the first quarter and increasing interest in Oracle Cloud Infrastructure. On Tuesday, the Nasdaq Composite rose by 0.37% to achieve yet another record closing, while the Dow Jones climbed 0.43% and the S&P 500 increased by 0.27%. In parallel, significant downward revisions to U.S. employment data have enhanced expectations of a Federal Reserve rate cut next week, sparking discussions regarding the potential magnitude of the adjustment.

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