By William Collins, consultant in stock markets – Eurasia Business News, September 11, 2025. Article no 1780

The S&P 500 and Nasdaq reached record highs following a significant surge in Oracle’s stock and favorable U.S. inflation data.

Oracle’s stock soared by 36%, marking its largest single-day percentage increase since 1992, after the company announced a surge in demand for its cloud services from artificial intelligence (AI) firms. Oracle also disclosed a 359% increase in its remaining performance obligations (contracted revenue not yet recognized), signaling strong future revenue. This boosted Oracle’s market cap to about $950 billion, nearing the $1 trillion mark. The surge in Oracle and other AI-related tech stocks like Nvidia, AMD, and Broadcom helped lift the S&P 500 and Nasdaq to new record closing levels.

The U.S. inflation report for August 2025, scheduled for release on September 11, is expected to show continued elevation in inflation, with the Consumer Price Index (CPI) forecasted to rise about 0.3% month-over-month and 2.9% year-over-year. Core CPI, which excludes volatile food and energy prices, is also expected to increase by 0.3% monthly and 3.1% annually, indicating stubborn inflation pressures.

This combination of optimistic corporate earnings and easing inflation concerns provided the catalyst for the broad market rally.

In this context, the S&P 500 closed at a new record high of approximately 6,532 points, while the Nasdaq also closed at a record high. The Dow Jones Industrial Average however fell slightly due to weakness in some consumer discretionary stocks and Apple shares.

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© Copyright 2025 – Eurasia Business News. Article no. 1780