US stock futures showed modest gains during Monday's evening trade, building on the day's rebound from the worst week of 2024.
The major stock index futures reflected cautious optimism, with S&P 500 futures up nearly 0.2%, Nasdaq 100 futures advancing 0.2%, and Dow Jones Industrial Average futures ticking up 0.05%.
In after-hours trade, Oracle surged over 8% following the release of its fiscal first-quarter results, which exceeded analyst expectations.
The cloud platform company reported adjusted earnings of $1.39 per share on revenue of $13.31 billion, outperforming forecasts of $1.32 and $13.23 billion, respectively.
Monday's regular trading session saw a significant recovery, with all three major indices posting gains of around 1.2%. This rebound came after last week's sell-off, which was partly triggered by weaker-than-expected August payroll data.
Investors are now focusing on upcoming economic reports, particularly the consumer price index (CPI) due Wednesday and the producer price index (PPI) on Thursday. These inflation indicators could influence the Federal Reserve's decision on interest rates at its September 17-18 meeting.
Market participants remain cautious due to September's historically weak performance for stocks and the looming uncertainty surrounding the November 5 US presidential election. However, the potential for interest rate cuts continues to provide some optimism in the face of concerns about economic weakness.