18.12.202500:05:35UTC+00US Futures Stabilize Ahead of Inflation Data

On Thursday, US stock futures remained steady as investors braced for the highly anticipated November inflation report, which is expected to indicate that inflationary pressures continue to exceed the Federal Reserve's target. In after-hours trading, Micron Technology surged approximately 7% following the announcement of fiscal first-quarter earnings and revenue that surpassed expectations, along with a promising forecast for the current period. Investors are now eagerly anticipating earnings results later on Thursday from companies including Nike, Cintas, FedEx, FactSet, and CarMax. During regular trading on Wednesday, US equities experienced a downward trend, with the Dow Jones Industrial Average decreasing by 0.47%, the S&P 500 dropping by 1.16%, and the Nasdaq Composite declining by 1.81%. The sell-off was primarily driven by significant losses in major semiconductor stocks tied to the artificial intelligence sector. Oracle's shares fell 5.4% after reports emerged that its largest data center partner, Blue Owl, opted not to back the company's plan to construct a $10 billion data center. Additionally, Nvidia slipped 3.8%, Broadcom decreased by 4.5%, and AMD saw a decline of 5.3%.