US stocks inch to more records as inflation slows and Oracle soars

New York (AP)-Wall Street moved to more records on Wednesday after an amazing fan report on inflation and amazing forecasts of Oracle growth due to the mutation of artificial intelligence.

The S&P 500 increased by 0.3 % and put the highest level ever for the second day in a row. The Dow Jones industrial average decreased 220 points, or 0.5 %, and the NASDAQ compound increased by less than 0.1 % after they were similarly assigned the previous day.

The stocks have achieved records in a large part of them because Wall Street expects the economy to start from the accurate balance law: slowing enough to persuade the federal reserve to reduce interest rates, but not to the point that it causes stagnation, all while inflation remains under control.

Many things should go properly for this, and a encouraging sign came from a report on Wednesday saying that the United States’s inflation in bulk is unexpectedly slowing in August. It is a matter of relief after months of data indicating that inflation will be difficult to obtain the goal of the Federal Reserve of 2 %, especially with president Donald Trump’s tariff for prices.

A more important report will be presented on Thursday, which will clarify the extent of inflation for American families, but on Wednesday’s update “the red carpet was mainly launched to reduce the federal reserve rate next week,” according to Chris Larkin, administrative manager, trading and investment, in the e -commerce of Morgan Stanley.

Traders were already convinced that the Federal Reserve will provide the first interest rates for this year at its next meeting, but they need inflation data until then to be adequately moderate to not get these expectations. This is because the cuts in interest rates can push inflation up, as well as give the economy Kxstart, and hot inflation readings can link the hands of the Federal Reserve Bank.

“The broader narration is increasingly established with expectations that the Federal Reserve will provide a reduction in the average at the next week meeting,” said Ahmed Asiri, a research expert in Peteston.

At Wall Street, technology shares led the road after Oracle said that AI’s demand is to send his revenues. The CEO of Safra Catz said that Oracle has signed four billion dollars during the last quarter, and is expected to make cloud infrastructure revenues by 77 % to $ 18 billion in this fiscal year. After that, you expect these revenues to rise to $ 144 billion in only four years.

“Amnesty International is changing everything,” said Larry Ellson, President of Oracle, in a statement.

Oracle Stock jumped by 35.9 % for the best day since 1992, although she also reported the results of the last quarter that only appeared from analysts’ expectations.