Stock Market Today: Futures Point Lower After Boeing Crash, Oracle Surges on Cloud Growth

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Major Indexes Set to Retreat as Traders Digest Trade News and Await Inflation Data

U.S. stock futures are pointing lower on Thursday, June 12, 2025, as markets today appear set to continue Wednesday’s downward trend. The previous session saw all three major indexes close in negative territory, with the S&P 500 falling 0.3% to 6,022.24, snapping its three-day winning streak. The tech-heavy Nasdaq Composite declined 0.5% to 19,615.88, while the Dow Jones Industrial Average edged down marginally to 42,865.77.

Premarket Movers: Boeing Plunges, Oracle Soars

In premarket movers news, Boeing (BA) shares are declining sharply after a Boeing 787-8 Dreamliner operated by Air India crashed shortly after takeoff near Ahmedabad, India. The London-bound flight had 242 people onboard, casting a shadow over the aerospace manufacturer’s ongoing safety concerns.

On the positive side, Oracle (ORCL) shares are jumping approximately 8% in premarket trading after the software giant reported strong fiscal fourth-quarter results. The company posted revenue of $15.9 billion, an 11% increase year-over-year, with CEO Safra Catz forecasting that cloud infrastructure revenue would increase more than 70% in fiscal 2026.

Other notable premarket movers include:

– Creative Global Technology Holdings (CGTL), up over 54% at $1.43
– CureVac (CVAC), up over 30% at $5.32
– GameStop (GME), down over 15% at $24.02 after announcing plans to raise $1.75 billion
– Oxford Industries (OXM), down over 9% at $45.50

U.S.-China Trade Relations: Framework Agreement Reached

The stock market today continues to process news of a framework agreement between the United States and China following two days of high-level trade negotiations in London. U.S. Commerce Secretary Howard Lutnick confirmed that the countries have “reached a framework to implement the Geneva consensus,” though he clarified that U.S. tariff levels on China will not change despite the agreement.

Meanwhile, Treasury Secretary Scott Bessent indicated that the 90-day pause on reciprocal tariffs could be extended for 18 of the United States’ “important trading partners” who are “negotiating in good faith,” signaling a potentially more flexible approach from the administration.

Economic Data and Fed Watch

Investors in the market news today will be closely watching the Producer Price Index (PPI) report scheduled for release at 8:30 a.m. ET. This follows Wednesday’s Consumer Price Index (CPI) data, which showed inflation increased 0.1% in May—less than the 0.2% forecast—putting the annual inflation rate at 2.4%.

The softer-than-expected inflation data failed to boost investor sentiment on Wednesday, as traders remain cautious about the Federal Reserve’s interest rate path. The markets today will be looking for additional signals about potential rate cuts in the coming months.

Upcoming Earnings and IPOs

Adobe (ADBE) will report its fiscal second-quarter results after the closing bell today. Investors are watching closely as the graphic software maker posted record quarterly revenue in March but issued guidance that underwhelmed the market. Adobe shares are ticking higher in premarket trading despite being down about 7% year-to-date.

In IPO news, online banking services provider Chime is set to make its Nasdaq trading debut today after pricing its IPO at $27 per share—above the expected range. The offering values the company at $11.6 billion, though this represents a significant decrease from its last private valuation of $25 billion in 2021. Chime’s public debut will test investor appetite for consumer-facing finance companies in the current market environment.

Commodities and Global Markets

Oil prices remain elevated after climbing more than 4% on Wednesday amid increasing tensions between the U.S. and Iran. This surge in energy prices could potentially impact inflation readings in the coming months and add pressure to consumer spending.

The Energy Select Sector SPDR (XLE) rose 1.5% on Wednesday, making it one of the few bright spots in an otherwise down market. Energy stocks may continue to outperform if geopolitical tensions persist and oil prices remain high.

Market Outlook

As the stock market live session approaches, traders are weighing positive developments in U.S.-China trade relations against concerns about Boeing’s latest crisis and uncertainty regarding the Federal Reserve’s monetary policy. The S&P 500 currently sits less than 2% away from its all-time high, suggesting that despite recent volatility, the broader market remains resilient.

The CBOE Volatility Index (VIX), often referred to as the market’s “fear gauge,” was up 1.8% to 17.26 on Wednesday, indicating slightly elevated investor anxiety heading into today’s session.

With Adobe’s earnings report and Chime’s IPO on deck, along with the PPI data release, Thursday promises to be another eventful day for market news today as investors continue to navigate an increasingly complex economic and geopolitical landscape.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.