The Economic Timesยท2025-09-11 01:56Market Performance - The S&P 500 climbed 0.30% to close at 6,532.04 points, marking a record high for the second consecutive day [10] - The Nasdaq gained 0.03% to 21,886.06 points, achieving its third consecutive record-high close [10] - The Dow Jones Industrial Average declined 0.48% to 45,490.92 points [10] - The S&P 500 has increased approximately 11% in 2025, while the Nasdaq has risen about 13% [11] Company Highlights - Oracle's stock surged 36%, its largest one-day percentage gain since 1992, driven by increased demand for cloud services from AI firms [10] - Oracle's market value reached $922 billion, surpassing Eli Lilly, JPMorgan Chase, and Walmart, and nearing Tesla's $1.12 trillion market value [10] - Artificial intelligence-related chip stocks saw significant gains, with Nvidia up 3.8%, Broadcom jumping 10%, and Advanced Micro Devices climbing 2.4% [10] - Synopsys experienced a 36% drop, its largest one-day decline, after missing quarterly revenue estimates, while Cadence Design Systems fell 6.4% [11] Sector Performance - Six of the 11 S&P 500 sector indexes declined, with consumer discretionary down 1.58% and consumer staples down 1.06% [11] - Data center power suppliers, including Constellation Energy, Vistra, and GE Vernova, all rose more than 6% [10] Economic Indicators - Traders anticipate the Federal Reserve will cut interest rates by at least 25 basis points at the upcoming policy meeting, with a 10% chance of a 50 basis point cut [11] - A cooler-than-expected producer price index (PPI) reading has bolstered expectations for interest rate cuts [11] - Investors are awaiting consumer prices data for insights into U.S. inflation trends [11] Market Dynamics - Declining stocks outnumbered rising ones in the S&P 500 by a 1.5-to-one ratio [11] - The S&P 500 recorded 19 new highs and 8 new lows, while the Nasdaq saw 112 new highs and 72 new lows [11] - Trading volume on U.S. exchanges was relatively high, with 17.2 billion shares traded, compared to an average of 16.0 billion shares over the previous 20 sessions [11]