Stock Market News·2025-09-10 18:07Market Performance - The U.S. stock market is experiencing a robust trading session with major indexes reaching new record highs, driven by soft inflation data and strong earnings outlook from Oracle [1][2] - The S&P 500 is trading up approximately 0.3% to 0.5%, while the Nasdaq Composite is also gaining between 0.1% and 0.5% [2] - The Dow Jones Industrial Average is lagging, registering a decline of around 0.1% to 0.6%, primarily due to a significant drop in Apple shares [3] Economic Data - The August Producer Price Index (PPI) report showed wholesale inflation unexpectedly slipped 0.1% month-over-month, contrasting with expectations of a 0.3% rise, bolstering hopes for interest rate cuts by the Federal Reserve [4] - A preliminary revision to employment data revealed that 911,000 fewer jobs were created than initially reported, indicating a weakening labor market [5] Upcoming Events - Investors are anticipating the Federal Reserve's FOMC meeting on September 16-17, with an 88% to 90% probability of a 25-basis-point interest rate cut [6] - The August Consumer Price Index (CPI) report is due on September 11, which will provide insights into consumer-level inflation [7] Corporate Earnings - Oracle Corporation's shares surged by 35% to 40% following a boosted outlook for cloud infrastructure sales, anticipating a 77% increase to $18 billion this fiscal year [9][10] - Other tech companies like Broadcom, Nvidia, and AMD also saw significant stock price increases due to positive sentiment around AI [11] - Conversely, Apple shares fell between 1.5% and 3% after the unveiling of its iPhone 17 models, which investors found underwhelming [12] Notable Stock Movements - Klarna's shares surged 20% on its NYSE debut, indicating strong investor interest in the fintech sector [13] - GameStop's stock increased by 6% after announcing its Bitcoin holdings surpassed $500 million [13] - Synopsys shares plunged between 24% and 35% after missing earnings estimates and lowering its outlook [14] - JPMorgan Chase & Co. climbed 1.7% following optimistic forecasts for third-quarter revenues, while Core & Main, Inc. plummeted 25.4% after missing revenue estimates [15] Commodity Market - Oil prices are trending upward, with Brent crude futures near $67 a barrel and U.S. West Texas Intermediate crude futures around $63 to $64 a barrel, influenced by geopolitical tensions [17]