U.S. stock futures were slightly lower on Monday evening (Tuesday AEDT) after the S&P 500 and Nasdaq Composite fell from record highs during the regular session.
By 10:20 am AEDT (11:20 pm GMT) Dow Jones Industrial Average futures remained flat while futures tied to the S&P 500 and Nasdaq 100 futures eased 0.1% apiece.
In extended trading, Oracle's stock dropped 7.8% after its second-quarter results missed estimates on both revenue and earnings. The company's cloud infrastructure revenue grew 52% year-over-year to US$2.4 billion.
Meanwhile, MongoDB surged 10% after surpassing third-quarter consensus estimates and raising its full-year guidance. The company reported a 22% year-over-year increase in subscription revenue to $512.2 million, alongside an 18% rise in services revenue to $17.2 million.
Toll Brothers dipped 3.1% despite a strong fourth-quarter performance.
The regular session saw declines in major indices, with the S&P 500 and Nasdaq falling about 0.6%. Nvidia slid more than 2% after Chinese regulators announced an antitrust investigation into the chipmaker. Other tech giants, including Meta Platforms, Amazon, and Netflix, also ended lower.
Investors are focused on the U.S. consumer price index (CPI) report on Wednesday. The CPI data could shape expectations for the Federal Reserve's interest rate decision at its Dec. 17–18 meeting. Economists forecast headline inflation to have risen 0.2% in November and 2.7% over the past 12 months.
Several notable earnings reports, including GameStop and Dave and Buster's Entertainment, are also expected on Tuesday (Wednesday AEDT).