US stock futures showed little movement on Wednesday morning, as investors braced for a pivotal inflation report. The data could shape expectations for the Federal Reserve's next moves, with markets currently assigning an 86% likelihood of a 25-basis-point rate cut during the December policy meeting, up from 73% just a week ago.

On Tuesday, the major US indices posted losses:

• Dow Jones Industrial Average: Fell 0.35%
• S&P 500: Declined 0.3%
• Nasdaq Composite: Dropped 0.25%

This marked the second straight day of losses for the S&P 500 and Nasdaq, and the fourth consecutive decline for the Dow.

Sector Performance:

Among the eleven sectors of the S&P 500, eight closed in the red, with the following sectors leading the declines:

• Real Estate
• Technology
• Materials

These sectors weighed heavily on broader market sentiment, overshadowing gains in select industries.

Corporate Highlights:

1. Alphabet (NASDAQ: GOOGL):

   • Shares surged 5.6% after the tech giant announced breakthroughs in quantum computing, a development that could redefine its competitive edge in emerging technologies.

2. Oracle (NYSE: ORCL):

   • Oracle's stock tumbled 6.7% after the company reported revenue below Wall Street expectations.
   • The miss was attributed to fierce competition in the cloud sector, highlighting ongoing challenges as Oracle battles established players like Amazon Web Services and Microsoft Azure.

Market Sentiment and Expectations:

Investors are closely monitoring inflation figures to assess their potential impact on Federal Reserve policy. With rising bets on a rate cut, any significant deviation in inflation data could trigger volatility across asset classes.

The recent downturn in major indices reflects growing caution among market participants, as concerns over corporate earnings, interest rates, and sector-specific pressures continue to shape sentiment.

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