Core Insights - Oracle shares surged after the company provided a better-than-expected outlook driven by strong demand for AI, particularly in cloud infrastructure sales [2][5] - The S&P 500 and Nasdaq reached record highs following a report indicating a surprising decline in wholesale inflation for August [2][5] - Synopsys experienced a significant drop in shares after missing earnings estimates and lowering its full-year outlook due to decreased sales of design intellectual property [4][5] Company Performance - Oracle (ORCL) saw its shares increase by more than a third, leading gains on the S&P 500 [2] - Bill (BILL) shares rose after Elliott Investment Management acquired a stake in the financial automation software company [3] - GameStop (GME) shares jumped following better-than-expected results and the announcement of holding over half a billion dollars in Bitcoin, with plans for a special dividend [3] - Synopsys (SNPS) was the worst performer in the S&P 500, with shares falling after missing earnings estimates and cutting its full-year outlook [4] Market Trends - The Dow Jones Industrial Average declined, primarily due to a drop in Apple (AAPL) shares after the launch of the iPhone 17 models [2] - Oil and gold futures advanced, while the yield on the 10-year Treasury note decreased [5] - The U.S. dollar weakened against the euro, pound, and yen, with major cryptocurrencies seeing price increases [5]
Top Stock Movers Now: Oracle, GameStop, Synopsys, and More