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Futures: Dow down 0.25%, S&P 500 up 0.14%, Nasdaq up 0.08%

Sept 10 (Reuters) - Futures tied to the S&P 500 touched

a record high on Wednesday, driven by a surge in cloud firm

Oracle, as investors awaited producer prices data due later in

the day for insights into U.S. inflation.

Oracle soared nearly 29% in premarket trading after

it said it expected booked revenue at its Oracle Cloud

Infrastructure business to exceed half a trillion dollars, as

demand for its low-cost cloud infrastructure services grew.

Some chipmakers rose, with Nvidia ( NVDA ) gaining 2%,

Advanced Micro Devices ( AMD ) 3.3% up and Broadcom ( AVGO )

adding 2.2%.

Companies supplying power to data centers also rose, with

Constellation Energy ( CEG ) up 1.4%, Vistra ( VST ) advancing

2.8% and GE Vernova ( GEV ) 2.5% higher.

A producer prices report will be watched later in the day to

assess the impact of U.S. President Donald Trump's tariff

policies and whether it could help make the case for a jumbo

50-basis-point cut at the Federal Reserve's meeting next week.

A consumer prices reading is expected on Thursday.

Recent labor market data has confirmed a slowdown in the

U.S. jobs market, prompting traders to price in an at least

25-bps cut in interest rates at the Fed's September 16-17

meeting.

August nonfarm payrolls data led traders to bet on a

bigger-than-usual 50-bps reduction, with its probability

standing at 10%, CME's FedWatch tool showed.

At 05:15 a.m. ET, Dow E-minis fell 115 points, or

0.25%, S&P 500 E-minis rose 9.25 points, or 0.14%, and

Nasdaq 100 E-minis added 18.25 points, or 0.08%.

Meanwhile, a federal judge on Tuesday temporarily blocked

Trump from removing Fed Governor Lisa Cook, an early setback for

the White House in an unprecedented legal battle that could

potentially upend the central bank's long-held independence.

The three main indexes closed at record highs on Monday

after a downward payrolls revision kept rate-cut bets intact,

while a rise in UnitedHealth ( UNH ) shares aided gains.

Wall Street has had a broadly positive start to September -

a month deemed historically bad for U.S. equities - with the

benchmark index losing 1.5% on average since 2000, according to

data compiled by LSEG.

Barclays raised its year-end 2025 target for the S&P 500 -

for the second time in three months - to 6,450 from 6,050.

In other stocks, Synopsys ( SNPS ) slid 20% before the bell

after the chip design software provider missed Wall Street

estimates for third-quarter revenue on Wednesday.

Peer Cadence Design Systems ( CDNS ) slipped 3.8%.

GameStop ( GME ) gained 8.3% after the video game retailer

reported higher second-quarter revenue.