Nasdaq·2025-09-10 17:07Market Overview - The S&P 500 Index reached a new record high, while the Nasdaq 100 hit a 4-week high, indicating a positive market sentiment [2] - Stocks are supported by a 37% surge in Oracle, which provided an aggressive outlook for its cloud business driven by AI infrastructure demand [3][12] - The 10-year T-note yield decreased to 4.06%, reflecting easing bond yields after US producer prices for August unexpectedly fell [2][8] Economic Indicators - US MBA mortgage applications increased by 9.2% in the week ending September 5, with the average 30-year fixed mortgage rate dropping to 6.49%, the lowest in 11 months [4] - The final-demand PPI for August eased to 2.6% year-on-year, lower than expectations, indicating a potential easing of inflationary pressures [4] Company Performance - Oracle's forecast for cloud infrastructure revenue is projected to reach $32 billion, $73 billion, $114 billion, and $114 billion over the next four years, highlighting strong growth expectations [12] - Other AI-related stocks such as CoreWeave, Broadcom, Nvidia, Arista Networks, and Advanced Micro Devices also experienced significant gains, reflecting a broader rally in AI infrastructure stocks [13][14] Geopolitical and Global Economic Factors - Geopolitical tensions escalated in Europe following Poland's actions against drones, which may impact market stability [3] - Ongoing deflation signs in China, with August CPI falling by 0.4% year-on-year, raise concerns about China's economic outlook and global growth prospects [3] Future Market Expectations - Markets are pricing in a 100% chance of a 25 basis point rate cut at the upcoming FOMC meeting, with expectations for further cuts by year-end [6] - Upcoming economic data releases, including the US August CPI and consumer sentiment index, are anticipated to influence market direction [5]