US Stock Market Today: S&P 500, Nasdaq Hit Record On Fresh Inflation Data; Oracle Stock Zooms
OracleOracle(US:ORCL) NDTV Profit·2025-09-10 14:11

Market Overview - The S&P 500 and Nasdaq Composite reached new record highs as wholesale prices unexpectedly declined, supporting the case for a potential rate cut by the US Federal Reserve [1][3] - Investors are anticipating consumer inflation data, which could significantly influence the Fed's upcoming decisions [1] Company Performance - Oracle's shares surged by 35%, contributing to Nasdaq's record performance, following reports of a 1,529% increase in multi-cloud database revenue from Amazon, Google, and Microsoft due to AI server demand [2][4] - Other notable gainers included Vistra Corp., Nvidia Corp., and Nike Inc., while Amazon.com Inc., Apple Inc., McDonald's Corp., and Walt Disney Co. experienced declines [4] Sector Performance - In early trading, six out of eleven sectoral indices were in the green, with information technology and energy sectors leading the gains, while consumer discretionary and communication services sectors were in the red [4] Commodity Prices - Spot gold increased by 0.6% to $3,648.15 per ounce, and crude oil prices rose by 0.7% to $63.07 per barrel [5]