Futures Rise Ahead of CPI Data; Oracle Shines

Futures Rise Ahead of CPI Data; Oracle Shines
A street sign for Wall Street is seen in the financial district in New York, on Nov. 8, 2021. Brendan McDermid/Reuters
Reuters
Updated:

U.S. stock index futures edged higher on Friday ahead of an inflation report that could likely strengthened the case for an aggressive policy tightening by the Federal Reserve, while Oracle Corp. jumped on an upbeat third-quarter outlook.

Shares of the enterprise software maker gained 11.2 percent in premarket trading after posting forecast-beating results for the second quarter, helped by higher technology spending from businesses looking to support hybrid work.