Wall Street is moving toward new highs highs Wednesday ahead of the latest government report on inflation .

Futures for the S&P 500 and Nasdaq, both of which topped records a day earlier, rose between 0.2% and 0.3% before the bell. Dow futures ticked 0.2% lower.

Shares of Oracle surged more than 32% in off-hours trading after it reported that it had signed four multi-billion dollar contracts that would push its cloud infrastructure revenue up 77% this fiscal year, to $18 billion. Oracle’s cloud infrastructure business provides the building blocks -- hardware and software -- that enables cloud computing and the the delivery of applications over the internet.

Klarna, the London-based “buy now, pay later” financial services provider, will trade for the first time as a public company Wedn

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