US futures showed little change on Thursday morning as investors anticipated inflation data and results from Oracle Corp., which are expected to gauge investor tolerance for artificial intelligence spending risks. West Texas Intermediate crude oil climbed above $97, contributing to escalating inflation concerns. This comes as oil's continuous rise is further fueled by Iran signaling readiness for intense war.
S&P 500 futures remained flat, while Nasdaq 100 contracts experienced a slight dip of 0.4% as of 7:31 a.m. in New York. The financial markets are closely watching the upcoming Producer Price Index (PPI) data for further economic indicators.
This market behavior follows a period of muted activity, with investors carefully evaluating economic signals and corporate performance, particularly in the technology sector amidst significant AI investments and geopolitical tensions.
