U.S. stock futures are pointing lower after major indexes fell yesterday; Boeing (BA) shares are declining after a Dreamliner crashed in India; wholesale inflation is expected to have risen in May; Oracle (ORCL) shares are jumping after the firm reported surging cloud infrastructure revenue; and investors await Adobe (ADBE) results after the closing bell. Here’s what investors need to know today.
1. US Stock Futures Point Lower
U.S. stock futures are pointing down after indexes closed lower Wednesday, as investors continue to evaluate tariff developments and prepare for more inflation data today. Dow Jones Industrial Average futures are 0.7% lower after the blue-chip index declined fractionally in the prior session. Nasdaq and S&P 500 futures are 0.6% and 0.5% lower, respectively, after the indexes snapped three-session winning streaks yesterday. Bitcoin (BTCUSD), the yield on the 10-year Treasury note, and oil futures are declining. Gold futures are higher.
2. Boeing Stock Declines After Plane Crash in India
Boeing (BA) shares are 8% lower in premarket trading after one of its planes crashed in India. Air India said that the Boeing 787-8 had 242 passengers and crew on board when it crashed shortly after takeoff from Ahmedabad, India, en route to London Gatwick Airport. The incident comes soon after Boeing settled a Justice Department case related to two fatal 737 MAX crashes that claimed the lives of more than 300 people.
3. Wholesale Inflation Expected to Have Risen in May After April Decline
Whole price increases are expected to have picked up in May when the Producer Price Index (PPI) is released at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal and Dow Jones Newswire expect the reading to show wholesale prices grew by 0.2% in May from the prior month, after it fell by 0.5% on a monthly basis in April. Core wholesale inflation is projected to have risen 0.3% after declined by 0.1% in April. The report follow’s yesterday’s Consumer Price Index reading for May, which came in lower than expected.
4. Oracle Stock Jumps as Cloud Infrastructure Revenue Soars
Oracle (ORCL) shares are surging 9% in premarket trading after the software firm reported better-than-expected results on strong growth of cloud infrastructure revenue. Oracle reported adjusted earnings per share of $1.70 on revenue that grew 11% year-over-year to $15.9 billion, both topping Visible Alpha consensus estimates. Cloud infrastructure revenue jumped 52% to $3 billion, making it Oracle’s fastest-growing segment. CEO Safra Catz said Oracle expects its cloud infrastructure growth rate to increase to more than 70% in fiscal 2026 from 50% in fiscal 2025, above expectation.
5. Adobe to Report Results After Closing Bell
Adobe (ADBE) shares are ticking higher in premarket trading as investors prepare for the graphic software maker’s fiscal second-quarter results after markets close today. Adobe posted record quarterly revenue in March but issued an outlook that underwhelmed investors. Of the 17 Adobe analysts tracked by Visible Alpha, 10 rate the stock a “buy,” six are “neutral,” and one rates it a “sell.” Adobe’s stock is down about 7% so far this year.
