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U.S. stock futures rose slightly Wednesday, after the S&P 500 capped a seven-day win streak because of a drop in Oracle that called to question the sustainability of the artificial intelligence trade. The government shutdown is also in its second week.
Futures for the Dow Jones Industrials gained 117 points, or 0.3%, to 46,969.
Futures for the much broader gathered 13.75 points, or 0.2%, to 6,775.25
Futures for the NASDAQ barreled ahead 62.5 points, or 0.3%, to 25,101.75.
Wall Street is coming off a losing session for the major averages. The Dow fell 91.99 points, or 0.2%. The broad market index pulled back 0.4%, while the NASDAQ slid 0.7%.
Those moves came after The Information reported Oracle’s margins from its cloud business are weaker than analysts are currently forecasting, and that the enterprise software company is losing money on some of its deals to rent out Nvidia’s chips. Oracle shares lost 2.5% as a result.
Wall Street will also be awaiting the latest Federal Reserve minutes on Wednesday, which could give investors insight into the makeup of the Fed following a highly divisive September meeting.
In Japan, the Nikkei 225 forfeited 0.5% Wednesday, while in Hong Kong, the Hang Seng sank 0.5%.
Oil prices hiked 86 cents to $62.59 U.S. a barrel.
Gold prices shot higher $52.40 to $4,056.80 U.S. per ounce.
