US stock futures point higher on Wall Street

FILE - This July 15, 2013 file photo shows the New York Stock Exchange, in New York. World stock markets struggled Friday June 20, 2014as the euphoria faded from the Fed's promises of prolonged low rates to boost growth. (AP Photo/Mark Lennihan, File) FILE - This July 15, 2013 file photo shows the New York Stock Exchange, in New York. World stock markets struggled Friday June 20, 2014as the euphoria faded from the Fed's promises of prolonged low rates to boost growth. (AP Photo/Mark Lennihan, File)

By Associated Press June 20, 2014 2 min read

NEW YORK (AP) – U.S. stock futures are edging up ahead of the opening bell Friday, and major stock indexes are set to close out the week with solid gains. Oracle’s shares slumped after the company’s quarterly results fell short of Wall Street’s forecasts.

KEEPING SCORE: Thirty minutes before the start of regular trading, Dow Jones industrial average futures are up 28 points to 16,861.

Standard & Poor’s 500 index futures are up four points to 1,954, while Nasdaq 100 futures are up five points to 3,794.

On Thursday, the S&P 500 index notched an all-time high for the second day in a row. The index is on track to gain 1.2 percent for the week.

DISAPPOINTS: Shares of Oracle are sliding in premarket dealings after the software maker turned in quarterly earnings and sales that fell short of analysts’ expectations. One analyst covering the company, Citigroup’s Walter Pritchard, stripped Oracle of a “buy” rating and reduced his price target on the stock to $41 from $44. Oracle’s shares slumped $2.52, or 6 percent, to $39.97.