A report from the Dallas Fed indicates that conventional wisdom about the jobs market is misguided — because it doesn't take into account changes in immigration. ...

Market Overview - The S&P 500 rose by 0.4% and the Nasdaq also increased by 0.4%, both continuing to build on record highs achieved earlier [2] - The Dow Jones Industrial Average decreased by 59 points, or 0.1% [2] Oracle's Performance - Oracle's stock surged by 35% following a strong earnings report, which indicated a significant backlog of orders driven by demand for cloud-computing infrastructure [2] - The market value of Oracle reached $680 billion after the stock's performance [2] - It is noted that less than 0.35% of earnings reports since 2001 have led to stock rallies exceeding 31%, typically occurring in smaller stocks, highlighting the rarity of Oracle's situation [2]