The analysis begins with a general market overview. Stock futures show modest gains, with S&P and NASDAQ futures up by 0.3%, while Dow futures remain flat. This cautious optimism is due to anticipation of a potential Federal Reserve rate cut. A downward revision of United States employment figures suggests the labor market may be cooling. This is a key factor supporting a 25 basis point rate cut in September. In corporate news, Oracle shares surged after the company forecast a blockbuster revenue increase. Oracle's booked revenue is expected to surpass $500 billion. The Chief Executive highlighted partnerships with popular artificial intelligence models like Chat GPT. The analysis also discusses Novo Nordisk's announcement of significant cost-cutting measures, to save approximately 1.27 billion by 2026. Finally, Oil price is climbed amid rising geopolitical tensions in the Middle East. Brent Crude rose to $66.86 a barrel, while United States West Texas Intermediate Futures increased to $63.10.