U.S. equities hit fresh records as lower-than-expected PPI and blowout Oracle metrics lifted sentiment. The S&P 500 opened at new intraday highs and closed at its highest level on record, while the Nasdaq 100 nearly reached an intraday record (stopping about 10 points shy) and finished its sixth consecutive day of gains at a record close. Investors pared some upside ahead of key U.S. consumer inflation data due Thursday.
Producer prices eased in August, with the PPI falling 0.1% month‑on‑month versus the 0.3% rise analysts had forecast, reducing near‑term inflation concerns. Technology names rallied after Oracle reported a surge in remaining performance obligations (RPO) from $138bn to $455bn, sending ORCL shares up roughly 36% and helping lift chip suppliers including AMD, Broadcom and Nvidia.
Not all tech names fared well: Synopsys cited a negative impact from trade tensions on its China results and saw its stock slide about 36%. Markets remain sensitive to upcoming CPI data and recent strong gains. #SP500 #Nasdaq #ORCL #NVDA #SNPS #FiatNews