Stock futures pointed lower Tuesday as Wall Street comes off its second-straight day of gains and investors prepare for the latest U.S. inflation readings.Oracle reported fiscal first-quarter adjusted earnings that were slightly higher than expected and revenue in the period that was in line with estimates. The stock was falling 9.
Tesla declined 1.1%, a day after shares of the electric-vehicle maker closed with a gain of 10% following an upgrade to the stock from widely followed autos analyst Adam Jonas of Morgan Stanley. Acelyrin , the Los Angeles-based pharmaceutical company, tumbled 56% after the company disclosed that its skin drug candiate’s primary endpoint by week 16 of a Phase 2b/3 trial didn’t meet statistical significance.
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