Stock Market Today: Dow Futures Slip, S&P 500 Rises Ahead Of August PPI Data—Apple, GameStop, Oracle In Focus

3 months ago

U.S. stock futures were swinging on Wednesday following Tuesday’s advances. Futures of major benchmark indices were mixed. Investors were awaiting August’s crucial producer price inflation, slated for a release later today. This will be followed by the August consumer price inflation data to be released on Thursday morning at 8:30am.

Transcript

00:00all right we have a mixed pre-market today for wednesday september 10th s&p futures here up

00:12just over three tenths point three six percent dow futures in the red down by point one three

00:18percent and nasdaq futures leading the way higher by point three seven percent that of course is on

00:23the back of those blow out oracle earnings that we saw yesterday uh let's take a look at some cues

00:31from the session here most s&p sectors on the s&p 500 closed on a positive note and new all-time

00:37highs yesterday utilities health care and communication services stocks recording the

00:42biggest gains on tuesday however materials and industrial stocks bucked the overall market trend

00:48closing the session lower this broad strength led u.s stocks to settle higher with all three

00:54major indices closing at record highs the bureau of labor statistics removed 911,000 non-farm payroll

01:03jobs from its count between april 2024 and march of 2025 indicating the labor market had been cooling

01:10far earlier than many on wall street had anticipated market briefly dipped in the wake of the data release

01:16yet a majority of u.s equity indices showed some recovery by midday in new york as sharp downward

01:24revisions in payrolls further strengthens the case for the federal reserve to begin cutting interest rates

01:30united health ticker unh jumped more than eight percent on tuesday and for those of you that are

01:37chartists that's now in the gap that we hope fills up near 370

01:42um after the health care giant offered an upbeat assessment of its medicare advantage business

01:49now uh we also uh regarding those revised figures there stocks reached new record highs on tuesday

01:57that was driven by the revised u.s job figures that showed a slowing labor market and this data

02:02strengthened investor confidence that the federal reserve will cut rates in september so that is

02:07right around the corner here of course uh investors are awaiting august's crucial producer price index

02:13slated to release here this morning the 10-year treasury bond yielded 4.08 percent and the two-year bond was

02:20is at 3.54 percent

02:22you

Stock Market Today: Dow Futures Slip, S&P 500 Rises Ahead Of August PPI Data—Apple, GameStop, Oracle In Focus

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