Technology stocks led by Oracle extend gains after inflation data surprises to downside

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 13 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Software Nouvelles

Hardware,Newstrading

Tech stocks surged on Wednesday as a prominent inflation report in the US led the market to increase the odds that the Federal Reserve (Fed) will cut rates in September.

May CPI inflation arrives lower than expected and below April showing. Despite reduced dot plot guidance for interest rate cuts, NASDAQ soars. Oracle stock surged 13% on bookings guidance for cloud business. Apple overtakes Microsoft market cap on strength of AI. Tech stocks surged on Wednesday as a prominent inflation report in the US led the market to increase the odds that the Federal Reserve will cut rates in September.

AI stocks FAQs What is artificial intelligence? First and foremost, artificial intelligence is an academic discipline that seeks to recreate the cognitive functions, logical understanding, perceptions and pattern recognition of humans in machines.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 14. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Technology’s Role In Business Continuity: Tips For Tech LeadersSuccessful CIOs, CTOs & executives from Forbes Technology Council offer firsthand insights on tech & business.
La source: ForbesTech - 🏆 318. / 59 Lire la suite »