S & P 500 ended on Thursday with an increase, because the growth of Oracle shares encouraged the investor’s hopes and encouraged the large technological company sector.
The reference index increased by 0.38%, while Nasdaq Composite received 0.24%. Dow Jones Industrial Average added 101.85 points, ie 0.24%.
Oracle shares increased by 13% after the company published results for the fourth fiscal quarter that surpassed overall revenues and indicated further growth in the cloud. Safa Catz Executive Director said at the conference call, thanks to the demand for artificial intelligence, the income from the cloud infrastructure should increase by more than 70% in fiscal 2026. Years, compared to the growth of 52% in the same quarter. Oracle’s growth raised shares of large technological companies to a higher level, and the sector led the growth of S & P 500 on Thursday.
On the other hand, the Dow Jones component Boeing fell by almost 5% after Air India Dreamliner 787 plane crashed after takeoff with 242 passengers in the vehicle.
The shares also rose after investors received another series of data that suggests a solid economy. The Mayodes of the manufacturer’s prices, the measure of final demand prices in the US economy, increased by only 0.1% in a month after it fell by 0.2% in April. Economists surveyed by Dow Jones expected an increase of 0.2% for last month. Bond yields were reduced to Thursday after the inflation report.
However, the unilateral customs threat of the President Donald Trump seems to keep market winnings under control. Wall Street awaits the further development of trade policy, especially between the United States and China, as the talks between the two countries were the central point this week. Trump said on Wednesday that he would be ready to extend the deadline of the 8th. July to complete the trade negotiations with countries before they enter into force a larger American fee, but the extensions may not be needed.
