U.S. stock futures traded mixed on Thursday morning as the Federal Reserve’s 25-basis-point rate cut was offset by software giant and cloud company Oracle’s (ORCL) Q2FY26 revenue miss and elevated spending, reviving investor concerns about an AI bubble. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were down 0.44% and 0.27%, respectively, while futures tied to the Dow Jones Industrial Average (DJIA) were up 0.05% at 8:00 a.m. EST on December 11.
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During Wednesday’s regular trading session, all three major indexes closed higher following the Fed’s rate cut decision. The Dow Jones, the S&P 500, and the Nasdaq Composite rose by 1.05%, 0.67%, and 0.33%, respectively.
Investors will now focus on today’s weekly initial jobless claims report and U.S. international trade data. Meanwhile, on the earnings front, companies including Broadcom (AVGO), Lululemon (LULU), and Costco (COST) are scheduled to report results.
Turning to trending stocks, Oracle stock was down more than 12% in pre-market trading following its dismal Q2 FY26 report. Also, shares of AI stocks, including CoreWeave (CRWV), Nvidia (NVDA), and Advanced Micro Devices (AMD), were down in reaction to Oracle’s results.
In contrast, shares of Gemini Space Station (GEMI) rallied 14% after the crypto exchange secured a licence to offer prediction markets to its U.S. clients.
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