Oracle(US:ORCL) Yahoo Finance·2025-09-10 12:40Group 1: Market Overview - US stocks are approaching fresh all-time highs, driven by Oracle's strong revenue forecast which has heightened AI investment optimism [1][2] - Futures for the S&P 500 and Nasdaq 100 rose by 0.5% and 0.6% respectively, following record closing highs [1] - The Dow Jones Industrial Average futures remained stable, indicating a mixed sentiment among tech and non-tech stocks [1] Group 2: Oracle's Performance - Oracle's CEO announced a significant increase in cloud revenue due to a surge in bookings from major AI players, leading to a more than 30% rise in its shares during premarket trading [2] - Despite a quarterly earnings miss, the optimism surrounding AI infrastructure development is contributing to stock gains [2] Group 3: Inflation and Economic Indicators - Wholesale inflation unexpectedly declined, with the Producer Price Index showing a month-over-month decrease, while year-over-year it increased by 2.6% [3] - This inflation data is critical ahead of the consumer price index release, which will provide further insights before the Federal Reserve's policy meeting [3] Group 4: Labor Market and Federal Reserve - Recent revisions to US job numbers indicate weakness in the labor market, reinforcing expectations for a rate cut by the Federal Reserve in September [4] - Governor Lisa Cook's participation in the upcoming Fed rate decision is confirmed after legal challenges against her removal [4] Group 5: Trade Developments - President Trump has called for the EU to join the US in imposing new 100% tariffs on India and China, aimed at pressuring Russia regarding the Ukraine conflict [5] Group 6: Corporate Earnings - GameStop reported over a 20% increase in quarterly revenue, resulting in a surge in its stock price [6] - Other companies such as Macy's, Campbell's, and Dollar Tree are expected to release their earnings later on the same day [6]