Oracle shares skyrocket on AI cloud deals

Group 1: Oracle's Market Impact - Oracle's stock surged 36% after announcing multiple multibillion-dollar AI cloud contracts, marking a significant rally that contributed to the S&P 500 reaching a record high [2][4][13] - Analysts expressed shock at the unexpected nature of Oracle's results, with some calling them the most remarkable of any tech giant this year [5][6] - The company's cloud infrastructure revenue is projected to rise to $144 billion by 2030, a more than 14-fold increase from last year's $10 billion [12] Group 2: Broader Market Trends - The S&P 500 gained approximately 0.3% overall, driven by Oracle's performance, while six out of eleven sectors were negative, with consumer discretionary leading the decline [13][14] - Energy was the best-performing sector, gaining about 1.8% as crude prices rose more than 1.5% [14] - Mixed trading was observed in Asian markets, with the Hang Seng down about 0.5% and the Nikkei 225 up more than 1% [15] Group 3: Economic Outlook and ECB - The European Central Bank (ECB) is expected to keep rates unchanged amid political gridlock in France and uncertainty in the global trade outlook [52][56] - ECB policymakers may signal further easing down the line, reflecting concerns over growth and inflation in the Eurozone [52][58] - France's fiscal challenges, including a debt-to-GDP ratio exceeding 110%, are under scrutiny, with potential implications for the ECB's monetary policy [61][71]