17.12.202511:18:22UTC+00US Futures Point to Gains at the Open

U.S. stock futures experienced a modest uptick on Wednesday, with futures linked to the three major indices increasing by approximately 0.3%. This movement follows a previous session characterized by mixed and volatile trading. Investors are now turning their attention to the Consumer Price Index (CPI) report, which has been delayed until tomorrow. This report is anticipated to provide insights into the Federal Reserve's policy actions for the coming year, following the release of uneven jobs and retail sales data. In premarket activity, energy stocks showed gains, with Exxon Mobil up by 0.9%, Chevron advancing 0.7%, and ConocoPhillips increasing by 1.6%, in response to a more than 2% surge in oil prices. This crude oil rally was triggered by President Trump's directive for a "total and complete" blockade of sanctioned oil tankers associated with Venezuela. Additionally, Amazon shares rose by 1.4% ahead of the market's opening, driven by news that the company is negotiating to invest approximately $10 billion in OpenAI. Meanwhile, Netflix shares rose by 1.8% following reports that Warner Bros.’ board is leaning towards accepting a buyout proposal from Netflix.