Tuesday’s stock futures were essentially flat following the major averages’ recovery from 2024’s worst week. S&P 500 futures remained slightly below the flat line, whilst Nasdaq 100 futures had a 0.1% decline.
Futures for the Dow Jones Industrial Average fell 28 points, or less than 0.1%. Oracle, a cloud platform provider, had a roughly 8% increase in shares following the release of fiscal first-quarter results that above forecasts.
Oracle also said that it will be supplying database services through a partnership with Amazon Web Services. After recording their worst week of the year, the three major averages saw a strong recovery on Monday as investors snapped up the dip.
With a gain of 1.16%, the S&P 500 ended a four-day losing streak and recorded its first positive day of September.
Source (CNBC)
