FILE PHOTO: A view shows the New York Stock Exchange (NYSE) Wall Street entrance in New York City, U.S., April 7, 2025. REUTERS/Kylie Cooper/File Photo
FUTURES tied to the S&P 500 hit an all-time high on Wednesday, propelled by a surge in cloud computing firm Oracle, as investors awaited producer prices data due later in the day for insights into U.S. inflation.
Oracle soared 31.7% in premarket trading after it said it expected booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, as demand for its low-cost cloud infrastructure services grew.
