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Surge in Oracle Shares Propels Market Amid Rate Cut Hopes

Surge in Oracle Shares Propels Market Amid Rate Cut Hopes

The S&P 500 and Nasdaq reached new intraday highs, fueled by a rise in Oracle stock following increased cloud service demand from AI firms. Cooler producer price data supports rate cuts, though concerns over inflation remain. Oracle surged 41%, boosting tech and chip stocks, while labor data hinted at a slowing job market.

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