Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
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!

You may also like

Mars Morning News | BTC sees heavy turnover and high-volume bottoming structure, a typical short-term bottom signal

Cardano experienced a brief chain split due to an old code vulnerability, with the FBI launching an investigation; BTC is showing short-term bottom signals; Port3 suffered a hacker attack causing its token price to plummet; Aave launched a retail savings app to challenge traditional banks. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/24 06:59
Mars Morning News | BTC sees heavy turnover and high-volume bottoming structure, a typical short-term bottom signal

This Week's Preview: BTC Returns to 86,000, Trump’s Epic Showdown with Major Shorts, Macro Turmoil Just Settled

After last week's global market panic and subsequent recovery, bitcoin rebounded to $86,861. This week, the market will focus on new AI policies, the standoff between bears and bulls, PCE data, and geopolitical events, with intensified competition. Summary generated by Mars AI. The accuracy and completeness of this summary, produced by the Mars AI model, are still being iteratively improved.

MarsBit2025/11/24 03:44
This Week's Preview: BTC Returns to 86,000, Trump’s Epic Showdown with Major Shorts, Macro Turmoil Just Settled

At risk of being removed from the index? Strategy faces a "quadruple squeeze" crisis

Strategy is facing multiple pressures, including a significant narrowing of mNAV premiums, reduced coin hoarding, executive stock sell-offs, and the risk of being removed from indexes. Market confidence is being severely tested.

BlockBeats2025/11/24 03:41
At risk of being removed from the index? Strategy faces a "quadruple squeeze" crisis