US Stock Market Highlights: The S&P 500 closed higher on Thursday (June 12), buoyed by a strong rally in Oracle shares and a favourable inflation report that supported sentiment in the tech sector. The benchmark index rose 0.38% to end at 6,045.26, now less than 2% below its all-time high. The Nasdaq Composite added 0.24% to finish at 19,662.48, while the Dow Jones Industrial Average gained 101.85 points, or 0.24%, to close at 42,967.62.
US Stock Market Highlights: The S&P 500 closed higher on Thursday (June 12), buoyed by a strong rally in Oracle shares and a favourable inflation report that supported sentiment in the tech sector. The benchmark index rose 0.38% to end at 6,045.26, now less than 2% below its all-time high. The Nasdaq Composite added 0.24% to finish at 19,662.48, while the Dow Jones Industrial Average gained 101.85 points, or 0.24%, to close at 42,967.62. Oracle shares jumped 13% after the company posted better-than-expected results for its fiscal fourth quarter and projected continued strength in cloud services. CEO Safra Catz said cloud infrastructure revenue is expected to grow over 70% in fiscal 2026, driven by sustained demand for artificial intelligence services. The rally helped lift broader tech stocks, contributing to the S&P 500’s gains.
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