The stock market today is holding steady as investors brace for key inflation reports that could shape the Federal Reserve’s next interest rate move. Futures on major indexes were mixed early Wednesday, suggesting cautious trading ahead of major economic data.
Index futures signal muted open
Here’s where things stood as of this morning on September 10, 2025:
- Dow Jones Industrial Average futures: -0.18%
- S&P 500 futures: +0.22%
- Nasdaq 100 futures: +0.16%
This follows a strong rally on Tuesday after a revised jobs report confirmed a slowing labor market—bolstering hopes for a Fed rate cut at its next meeting.
What’s ahead: PPI and CPI inflation data
Investors are focused on this week’s producer price index (PPI) and consumer price index (CPI) reports, set for release on Wednesday and Thursday.
- These data points will show whether inflation remains sticky above the Fed’s 2% target
- Markets are betting on at least one rate cut if inflation cools and job data continues to weaken
- But signs of stagflation—weak growth paired with persistent inflation—could complicate the Fed’s decision
The results will be pivotal in shaping short-term market direction.
S&P 500 gets another bullish forecast
In a bullish call, Barclays raised its year-end S&P 500 target to 6,450, citing:
- Stronger-than-expected corporate earnings
- Resilient economic growth
- Continued investor enthusiasm for artificial intelligence
This is the second upward revision by Barclays in three months and comes amid a 30% rally in the S&P since April.
Oracle surges on AI cloud optimism
Tech stocks remain a key driver, with Oracle (ORCL) jumping 30% in premarket trading after forecasting a massive boost in AI-powered cloud revenue.
- Oracle expects cloud infrastructure revenue to hit $144 billion by 2030
- That’s up from just $18 billion this year
- The company signed multiple multibillion-dollar contracts in Q1, including one reportedly with OpenAI
Despite missing Wall Street’s earnings estimates, the forecast lit up investor optimism about the long-term AI boom.
Robinhood enters the copy trading race
Another stock to watch is Robinhood (HOOD), which announced its upcoming “Robinhood Social” feature:
- Users will be able to manually mirror trades from verified investors
- The move marks a shift in Robinhood’s stance on gamification and could stir regulatory attention
- The platform is expected to launch in early 2026 with an invite-only beta
The announcement highlights a growing interest in social investing tools, especially among retail traders.
What to watch next
- Producer Price Index (PPI) – Wednesday
- Consumer Price Index (CPI) – Thursday
- Earnings reports: Macy’s (M), Campbell’s (CPB), Dollar Tree (DLTR)
Markets are likely to remain range-bound until these catalysts hit, but any surprises in inflation or corporate earnings could trigger a quick swing.