Futures higher, Boeing strike vote, Oracle outlook - what's moving markets
Investing.com -- US stock futures hovered just above the flatline on Friday, as investors speculated about the scope of an expected Federal Reserve interest rate cut next week. Boeing workers in the US West Coast vote to go on strike, placing additional pressure on the planemaker during a time when its safety record has come under scrutiny. Elsewhere, Oracle , Friday and is the company’s first major labor action since 2008.
Boeing’s last strike in 2008 cost the company roughly $1.3 billion in staggered production and higher wages.Shares in Oracle rose by more than 6% in extended hours trading after the database software group unveiled a revenue outlook for its 2026 fiscal year that topped analysts' expectations. The company has been boosted by a spike in demand for cloud computing from the rapidly-growing artificial intelligence industry, although it does compete on this front with tech giants like Alphabet's (NASDAQ:
The outlook comes as Adobe is introducing artificial intelligence-powered enhancements to its editing software in a bid to lift demand. But spending has remained subdued as customers, wary of an uncertain economic environment and elevated interest rates, look to rein in costs.Oil prices rose in European trade on Friday and were set for a positive close to the week as concerns over supply disruptions stemming from Hurricane Francine helped crude rebound from near three-year lows.
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