US Stock Market Today: S&P 500, Nasdaq Hit Record On Fresh Inflation Data; Oracle Stock Zooms

S&P 500 and Nasdaq Composite rose to hit new record highs on Wednesday as wholesale prices declined unexpectedly, which further supports the case for a rate cut by the US Federal Reserve.Investors now await consumer inflation data on Thursday, which could have a major implication on the decision to be taken by the Fed in its next meeting.Oracle was among the early gainers, with its shares rising by a massive 35%, pulling Nasdaq to new records after reports that multi-cloud database revenue from Amazon, Goog ...