Stock market today: Dow, S&P 500, Nasdaq rise as Oracle surges, PPI inflation bolsters Fed rate cut hopes

US stocks eyed fresh all-time highs on Wednesday as Oracle's (ORCL) blowout revenue forecast lifted AI hopes. Meanwhile, wholesale inflation unexpectedly declined last month, bolstering the case for the Federal Reserve to cut rates next week. Futures on the S&P 500 (ES=F) climbed 0.5%, while those on the Nasdaq 100 (NQ=F) also rose 0.6%, on the heels of record closing highs. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer tech stocks, hovered above the flatline. Oracle stunned ...