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FX.co ★ Wall Street Gains as Oracle Rallies

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typeContent_19130:::2025-06-12T20:01:44

Wall Street Gains as Oracle Rallies

U.S. equities experienced a modest uptick on Thursday, driven by a notable surge in Oracle shares and indications of easing inflation, which helped mitigate ongoing trade uncertainties. The S&P 500 increased by 0.4%, while Nasdaq advanced 0.2%, bolstered by a remarkable 13% jump in Oracle shares. This surge was attributable to robust quarterly results and a promising forecast for cloud growth, spurred by rising demand for AI technologies. Despite a 4.7% decline in Boeing shares following a tragic crash involving an Air India Dreamliner, the Dow Jones Industrial Average climbed by 101 points. Economic data signaled further easing in inflation, with the Producer Price Index showing a mere 0.1% rise in May, fueling optimism for a potential Federal Reserve interest rate cut later this year. President Trump reiterated his advocacy for a substantial rate cut and confirmed plans to dispatch tariff-related communications to U.S. trading partners, while maintaining confidence in establishing a trade framework with China. In sector performance, technology, utilities, and health posted gains, whereas communication services, consumer discretionary, and industrials incurred losses.

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