Stock market today: Dow, S&P 500, Nasdaq futures tip higher amid continued Iran fallout, with CPI on deck

Market Overview - US stock futures showed fluctuations as investors reacted to geopolitical tensions from the Iran war and anticipated inflation reports that could influence economic expectations and Federal Reserve policy [1] - Concerns regarding the Iran war have led to increased volatility in oil markets, with crude prices rising due to attacks on vessels in the Strait of Hormuz [2] - The International Energy Agency (IEA) proposed a record release of reserves to mitigate supply issues and curb rising oil prices, which had recently approached $120 per barrel [3] Inflation and Economic Indicators - The upcoming Consumer Price Index (CPI) report is expected to provide insights into inflation trends and the overall health of the US economy, although it will not reflect the recent surge in oil prices [4] - Wall Street is preparing for two significant inflation readings this week, with the CPI report scheduled for release on Thursday and the Personal Consumption Expenditures index on Friday [3] Company Earnings - Oracle (ORCL) reported strong third-quarter earnings, exceeding expectations and raising its revenue guidance for 2027 to $90 billion, resulting in a nearly 10% increase in its stock price during premarket trading [8][16] - Groupon (GRPN) experienced a decline in stock price by 10% in premarket trading due to weaker-than-expected financial guidance, forecasting revenue for 2026 between $513 million and $523 million, below analyst expectations [11][12] Industry Trends - The memory chip sector has shown resilience amid market volatility, with Sandisk (SNDK) stock rising 10% over the past week and achieving a remarkable one-year gain of 1,067% [14] - Higher chip prices have impacted Hewlett Packard Enterprise's (HPE) quarterly performance, indicating potential challenges in the memory chip market [15]