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

US stocks broadly rose 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. The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) both climbed around 0.4%, on the heels of record closing highs. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, fell 0.1%. Oracle stunned Wall Street as its CEO said its cloud revenue will skyrocket ...