US stock futures dipped Thursday as investors awaited the latest producer inflation data, following a softer-than-expected consumer inflation report that eased pressure on the Federal Reserve to raise interest rates. On the trade front, US and Chinese negotiators reached a preliminary agreement during talks in London earlier this week, though it still requires formal approval from Presidents Trump and Xi. Meanwhile, Treasury Secretary Scott Bessent indicated the Trump administration may extend the 90-day pause on reciprocal tariffs for nations demonstrating “good faith” in trade negotiations. In corporate news, Oracle shares jumped more than 7% in after-hours trading following stronger-than-expected fiscal Q4 earnings and revenue. During Wednesday’s regular session, the S&P 500 fell 0.27%, the Nasdaq Composite declined 0.5%, and the Dow closed flat.