S&P 500 and Nasdaq notch record-high closes

The S&P 500 climbed 0.30% to end the session at 6,532.04 points. The Nasdaq gained 0.03% to 21,886.06 points, while the Dow declined 0.48% to 45,490.92 points.

NEW YORK: The S&P 500 and Nasdaq notched record-high closes on Wednesday, as Oracle surged and cooler-than-expected inflation data supported expectations the US Federal Reserve will cut interest rates next week.

Oracle soared 36% in its biggest one-day percentage gain since 1992 after the tech company pointed to a demand surge from AI firms for its cloud services.