Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
S&P 500 jumps on PPI data release, Oracle stock soars

S&P 500 jumps on PPI data release, Oracle stock soars

Crypto.NewsCrypto.News2025/09/09 16:00
By:By Benson TotiEdited by Jayson Derrick

U.S. stocks rose on Wednesday as investors reacted to new producer price index inflation data, and Oracle’s stock soared on a strong revenue forecast.

Summary
  • SP 500 jumped 0.5% as stocks amid the latest PPI report.
  • Oracle shares jumped 40% and were on pace for biggest gains single-day gains since 1992.

The SP 500 index jumped 0.5% in early trading while the Nasdaq Composite added 0.3%, with both indexes hitting fresh highs as bullish sentiment spread across risk asset markets.

Although the Dow Jones Industrial Average declined amid continued underperformance of the blue-chip index, gains for the benchmark SP 500 buoyed buyers across the market.

Bitcoin ( BTC ) climbed above $114k.

PPI data helps SP 500 rise

Stocks rose as Wall Street reacted to the latest inflation reading, with producer price index data showing an encouraging decline in August.

According to data from the Bureau of Labor Statistics, wholesale prices for August fell 0.1% over the month, versus economists’ estimates of +0.3%. Core PPI, which excludes food and energy, also fell 0.1%. Analysts had forecast a 0.3% uptick.

PPI coming in below economists’ projections helped strengthen the upbeat sentiment that has pushed the SP 500 to record highs despite trade and geopolitical uncertainty. Traders view the PPI as a signal that the Federal Reserve will cut interest rates during its September meeting scheduled for next week.

Oracle stock jumps 40% amid positive outlook

As the SP 500 climbed to a record high, one of the shining stocks on the day was Oracle, a global tech and cloud behemoth. The company’s shares shot up 40% on Wednesday as the U.S.-based firm announced a major forecast on revenue in relation to its artificial intelligence business.

Shares traded to highs of $341 and up over 40% as investors looked to clock Oracle’s best single day performance since 1992. The company’s market cap surpassed the $950 billion mark amid the price surge, with Oracle eyeing the $1 trillion market cap as stocks soared.

Gains largely followed the cloud provider’s report of remaining performance obligations. Notably, Oracle says it has $450 billion in RPO, more than twice Wall Street’s expectation of around $180 billion.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!