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Wall Street ticks toward more records as inflation slows, Oracle soars
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....all Street ticks toward more records as inflation slows, Oracle soars<BR>PTI News<BR>Dated:- 10-9-2025<BR>PTI<BR>New York, Sep 10 (AP) Wall Street is heading for more records on Wednesday following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial-intelligence boom. The S&P 500 rose 0.5 per cent and was on track to set an all-....
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....time high for a second straight day. The Dow Jones Industrial Average was down 49 points, or 0.1 per cent, as of 9:35 am Eastern time, and the Nasdaq composite was 0.5 per cent higher after both likewise set records the day before. Stocks have been hitting records in large part because Wall Street is expecting the economy to pull off a delicate balancing act: slowing enough to convince the Feder....
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....al Reserve to cut interest rates, but not so much that it causes a recession, all while inflation remains under control. Many things must go right for that to happen, and an encouraging signal came from Wednesday's report showing that inflation at the US wholesale level unexpectedly slowed in August. It's a relief following months of reports suggesting inflation would be tough to get under the....
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.... Fed's target of 2 per cent, with President Donald Trump's tariffs set to add only upward pressure on prices. A potentially more important report is coming Thursday that will show how much prices are rising for US households, but Wednesday's update “essentially rolled out the red carpet for a Fed rate cut next week,” according to Chris Larkin, managing director, trading and investing, at E-T....
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....rade from Morgan Stanley. Traders were already convinced that the Fed will deliver its first cut to interest rates of the year at its next meeting, but they need inflation data in the interim to come up mild enough not to derail those expectations. That's because cuts to interest rates can push inflation higher, along with giving the economy a kickstart. “The broader narrative is increasingl....
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....y anchored on expectations that the Fed will deliver a rate cut at next week's meeting,” said Ahmad Assiri, research strategist at Pepperstone. On Wall Street, tech stocks helped lead the way after Oracle said AI-related demand is set to send its revenue soaring. CEO Safra Catz said Oracle signed four multi-billion dollar contracts during its latest quarter, and it expects cloud infrastructure....
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.... revenue to jump 77 per cent to USD 18 billion this fiscal year. After that, it expects the unit's revenue to surge to USD 144 billion in just four years. “AI Changes Everything,” Oracle Chairman Larry Ellison said in a statement. Oracle stock soared 34.8 per cent and was potentially heading for its best day since 1992, even though its results for the latest quarter came up just shy of ana....
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....lysts' expectations. Taiwan Semiconductor Manufacturing Co, which makes chips used in AI, saw its stock that trades in the United States climb 3.1 per cent after it said its revenue jumped nearly 34 per cent in August from a year before. Nvidia, the chip company whose stock has become the poster child of the AI boom, rose 3.7 per cent. It was one of the strongest single forces lifting the S&P ....
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....500, along with Oracle. On the losing side of Wall Street was Synopsys, which helps customers design and engineer chips. It fell 31.3 per cent after reporting profit for the latest quarter that fell short of analysts' expectations. So did its forecast for profit in the current quarter. Klarna, the Swedish “buy now, pay later” financial services provider, will trade for the first time as a ....
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....public company Wednesday after it announced a public offering of its shares at USD 40 each, about USD 4 higher than it previously estimated. In stock markets abroad, indexes were mixed in Europe after rising across much of Asia. South Korea's Kospi rose 1.7 per cent, and Hong Kong Hang Sang climbed 1 per cent for two of the bigger moves. In the bond market, the yield on the 10-year Treasury ea....
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....sed to 4.05 per cent from 4.08 per cent late Tuesday after the encouraging inflation report on wholesale prices bolstered expectations for coming cuts to interest rates. (AP) NPK NPK<BR> News - Press release - PIB....