After a successful day, investors sold off their stock futures on Tuesday morning.
76 points, or 0.22%, were lost by futures linked to the Dow Jones Industrial Average. The S&P 500 futures declined by 0.3%, while the Nasdaq 100 futures declined by 0.33%.
Oracle lost 10% in extended trade after failing to meet analysts’ projected revenue, according to LSEG, previously Refinitiv. The database software provider, however, outperformed Wall Street’s consensus earnings expectation.
The price of oil weighed on confidence as well, causing worries about persistent inflation and a faltering global economy. In November of last year, U.S. crude prices reached their highest level. Among the few premarket gainers were Chevron shares.
The NFIB Small Business Index edged lower to 91.3, down 0.6 points and well below the Dow Jones projection of 91.5, in the lone economic data point of importance.
Source (CNBC)
