Markets Hit Records As Jobs Revised, PPI Falls, Oracle Surges

Group 1 - Major indices reached record highs, with the S&P 500 closing at 6512, Nasdaq Composite at 21,879, and Dow Jones at 45,711, while Russell 2000 slightly declined to 237 [2] - Oracle reported a significant increase in its backlog of cloud computing orders, rising from $138 billion to $455 billion, indicating strong demand for AI in cloud services [5] - GameStop's shares increased nearly 8% as the company transitioned from physical locations to a digital business model [5] Group 2 - The August Producer Price Index (PPI) showed a month-over-month price decline of 0.1%, contrary to expectations of a 0.3% increase, raising questions about tariff impacts [4] - Upcoming Consumer Price Index (CPI) report is anticipated to show a 0.3% month-over-month increase and a 2.9% year-over-year increase, which could influence inflation concerns [4] - Klarna's IPO was heavily oversubscribed, with shares priced at $40, indicating strong demand in the IPO market [6][8] Group 3 - Nasdaq plans to invest $50 million in a private placement ahead of Gemini's IPO, which is expected to price between $24 - $26 per share [8] - Interest rates are being monitored due to the weaker-than-expected PPI report, with expectations of three interest rate cuts by year-end [9] - Defense stocks like Boeing and RTX are under observation due to geopolitical tensions following incidents involving Russian drones in Polish airspace [9]