Stock Futures Jump After Unexpected Drop in wholesale Prices,Oracle Soars

S&P 500 futures jumped on Wednesday after a reading on wholesale prices unexpectedly declined,a welcome growth for investors clamoring for a Federal Reserve rate cut next week to boost the economy.Oracle shares led the gains with a more than 30% premarket surge following an eye-popping forecast tied to artificial intelligence.

Futures tied to the broad benchmark added 0.5%, as did Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average edged higher. All three benchmarks closed at a record tuesday, and the tech-heavy Nasdaq had scored a fresh all-time intraday high during the prior day’s session.

Market sentiment was boosted following the latest producer price index reading, which showed that