Shares of ad-tech leader Trade Desk are trading lower Wednesday. Morgan Stanley downgraded the stock to'Equal-Weight from Overweight.

Investors kick off the trading week, with attention focused on inflation data after last week's tepid jobs report strengthened rate-cut expectations.

Meanwhile, wholesale inflation unexpectedly declined last month, bolstering the case for the Federal Reserve to cut rates next week. Oracle stunned Wall Street as its CEO said its cloud revenue will skyrocket thanks to a big jump in bookings from the "who's who of AI.

Trump’s tariffs continue to affect the global economy. Follow along for live updates on the Dow, S&P 500, Nasdaq and other markets.

Some correction in the uptrend is likely before the end of the month. Here are some stock trades. There is one long recommendation and there are two short selections.

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Supreme Court agrees to hear tariff appeal, while Apple unveils new iPhone

U.S. stock futures were mixed before a report on producer prices Wednesday, a day after major indexes set fresh all-time closing highs, while shares of Oracle soared as the firm lifted its outlook for cloud infrastructure sales on booming AI demand.

The Trade Desk's revenue growth rate has been slowing. Big-tech rivals with aggressive ambitions in advertising could challenge The Trade Desk stock's premium valuation. Strong cash generation and product momentum remain, but there's not enough margin of safety in the stock price.

Joby Aviation ( JOBY -0.11%) stock saw a substantial pullback in last month's trading. The company's share price fell 15.1% across the period, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 rose 1.9% across the stretch, and the Nasdaq Composite rose 1.6%.

Swedish buy-now, pay-later lender Klarna is set to price its long-awaited U.S. IPO later on Tuesday, setting the stage for a market debut closely watched as a bellwether for high-growth fintech listings.