FINWIRES · TerminalLIVE
FINWIRES

$ORCL

92 stories mentioning ORCL

Every FINWIRES story that references ORCL, newest first.

Update: Equities Fall Intraday as US-Iran Tensions Re-Escalate, Traders Parse Inflation Report
US Markets

Update: Equities Fall Intraday as US-Iran Tensions Re-Escalate, Traders Parse Inflation Report

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday and oil prices jumped as tensions between Washington and Iran re-escalated, while traders assessed the latest inflation report.The Nasdaq Composite was down 1.2% at 25,384.3 after midday Wednesday, while the Dow Jones Industrial Average fell 1.3% to 50,238.6. The S&P 500 shed 0.9% to 7,318.4. Among sectors, industrials saw the steepest decline, while energy paced the gainers.West Texas Intermediate crude oil was up 3.7% at $91.44 a barrel, while Brent rose 3.1% to $94.30.Iran will have to "pay the price" for taking too long to agree to a peace deal, US President Donald Trump said in a social media post Wednesday.The US will resume attacks on Iran Wednesday, CNN reported, citing Trump.US forces launched airstrikes Tuesday against Iran after Tehran shot down an American Apache helicopter, Central Command said. Iran launched retaliatory strikes on American military bases across Jordan, Kuwait, and Bahrain, media reports showed."With no imminent deal in sight and with the global oil market tightening significantly every day, we see upside to prices, particularly if these disruptions linger into the third quarter, a period of seasonally stronger oil demand," ING Bank said in a report Wednesday.US Treasury yields were higher intraday, with the 10-year rate up 1.6 basis points at 4.54% and the two-year rate rising one basis point to 4.13%.In economic news, US annual inflation accelerated to the highest in about three years last month, fueling expectations that the Federal Reserve will keep interest rates on hold for some time."The effects of the Iran war continued to surface in May, TD Economics said in a note. "While still relatively contained, cost pressures are starting to be felt beyond just higher prices at the pump, with airfares up over 8% since the start of the war, which is coming atop lingering tariff price effects and still elevated services (ex. shelter) inflation."Markets widely expect the Fed to leave interest rates unchanged next week, which would mark its fourth straight pause, according to the CME FedWatch tool."With gas prices down sharply so far in June, May could mark the peak for headline (consumer price index), although inflation will be slow to decline, keeping the Fed on prolonged hold for most of this year," Oxford Economics said in a note.In company news, Super Micro Computer (SMCI) shares were down 20% intraday, the worst performer on the S&P 500, as the company announced a series of concurrent equity and equity-linked financing transactions amounting to $7 billion.Casey's General Stores (CASY) shares surged nearly 17%. Late Tuesday, the convenience store operator logged better-than-expected fiscal fourth-quarter results.Oracle (ORCL) is scheduled to report after the closing bell Wednesday.Gold was down 3.3% at $4,147 per troy ounce, while silver fell 0.2% to $65.12.

Dow JonesNasdaq CompositeS&P 500$CASY$ORCL$SMCI
Asia Markets

US-Iran Flare-Up Drags US Equity Futures Pre-Bell as Middle East Tensions Re-Escalate

US equity futures were edging lower pre-bell Wednesday as the US and Iran once again exchanged attacks after a US Army Apache helicopter was shot down, raising tensions in the Middle East.Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 0.7% lower.US Central Command said in an X post that it launched "self-defense strikes" against Iran as a "proportional response to unjustified Iranian aggression," responding to the downing of a US Army helicopter. Iran, which did not claim responsibility for shooting down the chopper, responded with attacks on Bahrain, Kuwait, and Jordan.In a post on Truth Social, US President Donald Trump said that Iran has been "completely defeated." Trump added, "They've taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!"Traders look forward to Oracle's (ORCL) fiscal Q4 financial results, scheduled to be released after the market closes.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.8% at $88.93 per barrel and US West Texas Intermediate crude 0.7% higher at $92.05 per barrel.The May consumer price index, released at 8:30 am ET, gained 0.5% as expected, compared with a 0.6% increase in the previous month, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 1.9% lower, Hong Kong's Hang Seng ended 0.6% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.9% lower in Europe's early afternoon session.In equities, shares of Nvidia (NVDA), Microsoft (MSFT), and Taiwan Semiconductor Manufacturing (TSM) were all lower as part of a broader sell-off in the tech sector. Nvidia stock was down 1.3%, Microsoft shares fell 0.9%, and Taiwan Semiconductor stock was down 2.3%.On the winning side, CME Group (CME) shares were marginally higher after the company said it launched Nasdaq CME Crypto Index futures. Casey's General Stores (CASY) stock was up 2.1% after the company reported fiscal Q4 earnings and revenue that surpassed analysts' estimates.

Dow JonesNasdaq CompositeS&P 500$CASY$CME$MSFT$NVDA$ORCL$TSM
Japan

US-Iran Flare-Up Drags US Equity Futures Pre-Bell as Middle East Tensions Re-Escalate

US equity futures were lower pre-bell Wednesday as the US and Iran once again exchanged attacks after a US Army Apache helicopter was shot down, raising tensions in the Middle East.Dow Jones Industrial Average futures were 0.9% lower, S&P 500 futures were down 1.1%, and Nasdaq futures were 1.6% lower.US Central Command said in an X post that it launched "self-defense strikes" against Iran as a "proportional response to unjustified Iranian aggression," responding to the downing of a US Army helicopter. Iran, which did not claim responsibility for shooting down the chopper, responded with attacks on Bahrain, Kuwait, and Jordan.In a post on Truth Social, US President Donald Trump said that Iran has been "completely defeated." Trump added, "They've taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!"Traders look forward to Oracle's (ORCL) fiscal Q4 financial results, scheduled to be released after the market closes.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.7% at $93.04 per barrel and US West Texas Intermediate crude 2% higher at $89.93 per barrel.The May consumer price index, scheduled for release at 8:30 am ET, is seen coming in at 0.5%, compared with 0.6% in the prior month, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500$ORCL
Stocks Fall Pre-Bell as US-Iran Tensions Escalate; Key Inflation Data on Deck
US Markets

Stocks Fall Pre-Bell as US-Iran Tensions Escalate; Key Inflation Data on Deck

The main US stock measures were pointing lower in Wednesday's premarket activity as tensions escalate between the US and Iran, while traders await a key consumer inflation report.The S&P 500 and the Dow Jones Industrial Average declined 0.7% each before the opening bell, while the Nasdaq was off 1%. The S&P 500 and the Nasdaq finished Tuesday trading in the red, while the Dow closed higher.In a social media post early Wednesday, President Donald Trump said that the Iranian military has been "completely defeated.""They've taken too long to negotiate a deal that would have been great for them, now they will have to pay the price," Trump wrote.Iran launched strikes against several US military facilities and bases in Bahrain, Jordan and Kuwait early Wednesday, Bloomberg reported, citing Iranian media.In a Tuesday post on X, the US Central Command said its forces launched "self-defense" strikes against Iran in retaliation against Tehran for shooting down a US military helicopter.Trump said on social media that the two pilots on the helicopter were "safe and uninjured," and that the US would respond to the attack. Iran's Mehr news agency reported that several explosions were heard on Qeshm Island, in the Bandar Abbas region of southern Iran, as well as along the southern coast, according to Bloomberg News.West Texas Intermediate crude oil slipped 0.3% to $87.94 a barrel in premarket action, while Brent edged down 0.4% to $91.08."Cumulative losses have now reached 1 billion barrels and are on track to nearly double by year-end under our base case, which still assumes a narrow US-Iran deal in June and a phased reopening of the Strait of Hormuz from mid-July," Aditya Saraswat, Middle East and North Africa research director at Rystad, said in a Tuesday note.The consumer price index report for May is scheduled for an 8:30 am ET release. Official data are expected to show that consumer inflation rose 4.2% annually and 0.5% on a sequential basis, according to a Bloomberg-compiled consensus.Treasury yields were mixed before the open, with the two-year rate increasing 0.3 basis points to 4.13% while the 10-year rate retreated 0.4 basis points to 4.52%.Wednesday's economic calendar also has the weekly mortgage applications bulletin and the weekly EIA domestic petroleum inventories report.Shares of Super Micro Computer (SMCI) dropped 11% pre-bell after the company disclosed a $7 billion equity financing plan to support its artificial intelligence order backlog. Casey's General Stores (CASY) inclined 1.8% after reporting better-than-expected fiscal fourth-quarter results.Oracle (ORCL) is expected to report its latest financial results after the markets close, while Core & Main (CNM) and Chewy (CHWY) post earnings before the bell, among others.Gold decreased 2.2% to $4,194 per troy ounce, while bitcoin slipped 1% to $61,251.

Dow JonesNasdaq CompositeS&P 500$CASY$CHWY$CNM$ORCL$SMCI
Oracle's Core Database Business Poised For Solid Quarterly Performance, BofA Says
US Markets

Oracle's Core Database Business Poised For Solid Quarterly Performance, BofA Says

Oracle's (ORCL) core database business is expected to show strong performance in its fiscal fourth quarter, while the company's capital expenditures are likely to stay elevated amid the ongoing data center buildout, BofA Securities said Tuesday.The cloud computing company is scheduled to report results after the closing bell Wednesday. BofA expects non-GAAP earnings of $1.98 a share on revenue of $19.07 billion for the quarter. Wall Street is looking for $1.97 and $19.09 billion, respectively, according to the brokerage."We continue to expect solid performance from Oracle's core database business, which grew 35% (year over year) and multi-cloud database revenue up 531% (year over year) in (the third quarter), as it provides a stable foundation for free cash flow generation, supported in part by strategic partnerships announced during the quarter with Amazon (AMZN) and [Alphabet's (GOOG, GOOGL)] Google," BofA analyst Tal Liani said in a note to clients Tuesday.Oracle's results will likely show a sequential acceleration in cloud revenue growth as additional data center capacity becomes available, converting some of the company's backlog -- or remaining performance obligations -- into additional revenue, according to the brokerage.BofA raised its price target on the Oracle stock to $240 from $200, while reiterating its buy rating.The company's shares were down 6.3% in Tuesday afternoon trade. The stock has increased 1.6% so far in 2026.Oracle's capital expenditures are expected to remain elevated, with the metric seen growing 21% to $11 billion in the fourth quarter and 36% to $68.3 billion in 2027, as the company continues to invest aggressively in data center capacity to meet its backlog commitments and overall demand for compute, according to BofA."While these trends reinforce underlying demand and ecosystem expansion, we do not expect core strength alone to offset the near-term impact of elevated capex on free cash flow," Liani said.BofA said it's focused on Oracle's potential remarks around its $20 billion at-the-market equity program announced earlier this year. The brokerage expects the company to need to raise an additional $35 billion over the next few years "given the cost intensity nature of the (data center) buildout," Liani said.Price: $198.12, Change: $-13.70, Percent Change: -6.47%

$AMZN$GOOG$GOOGL$ORCL
Wire

Oracle's Core Business Strength Likely Sustained in Q4, BofA Securities Says

Oracle's (ORCL) core business strength likely sustained in Q4 as the company ramps data center buildout to meet its backlog commitments amid rising demand for computing power, BofA Securities said in a Tuesday research report.The company will report Q4 results after the close on Wednesday, June 10.Double-digit stock gains since fiscal Q3 could be attributed to broader software strength and lower funding overhang, according to the note.The brokerage said it expects Cloud PaaS/IaaS to grow 94% in Q4 as more data center capacity comes online. Cloud and software gross margin is expected at 70%, but capex is likely to remain elevated, with BofA modeling $68.3 billion in fiscal 2027.The brokerage said it reiterated its buy rating on the stock and boosted its price objective to $240 per share from $200.Price: $212.22, Change: $+0.40, Percent Change: +0.19%

$ORCL
Wire

Update: BofA Securities Raises Price Target on Oracle to $240 From $200, Buy Rating Kept

(Updated to include BofA's commentary)BofA Securities raised its price target on Oracle (ORCL) to $240 from $200 ahead of its fiscal Q4 results, noting that underlying demand trends are strong throughout both cloud infrastructure and database workloads.The key areas of focus are centered on data center buildout and pace of revenue recognition, capex and financing needs tied to DC buildout, and sustained strength in the core business, analysts led by Tal Liani wrote in a Tuesday note.Oracle has an average rating of overweight and mean price target of $255.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $217.09, Change: $+5.27, Percent Change: +2.49%

$ORCL
Equities Mostly Rise Intraday as Tech Jumps, Markets Monitor Middle East Developments
US Markets

Equities Mostly Rise Intraday as Tech Jumps, Markets Monitor Middle East Developments

US benchmark equity indexes were mostly higher intraday as the technology sector jumped, while Iran reportedly suspended military operation against Israel.The tech-heavy Nasdaq Composite was up 1.1% at 25,987.8 after midday Monday, while the S&P 500 rose 0.5% to 7,419.6. The Dow Jones Industrial Average lost 0.1% to 50,812.9. Friday's sell-off saw the Nasdaq post its biggest one-day decline since April 2025, while the Dow pulled back from a record high.Among sectors, tech paced the gainers intraday Monday, advancing by 2%, while utilities saw the biggest drop.Shares of certain chipmakers were notable gainers, with Intel (INTC) up nearly 11%, the top performer on the S&P 500. Micron Technology (MU) followed Intel on the index, rising 9.4%.Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported, citing unnamed sources.Taiwan Semiconductor shares were up 3%.Cisco Systems (CSCO) rose 3%, the best performer on the Dow, followed by Nvidia's 1.8% gain.West Texas Intermediate crude oil was up 0.5% at $90.95 a barrel intraday, while Brent rose 1.2% to $94.23, but both benchmarks were off session highs.Iran has suspended strikes against Israel, the former's Ministry of Foreign Affairs told CNBC Monday. The two countries traded strikes on Sunday night, according to reports."Iran's restraint is a positive for diplomacy," Tudor Pickering Holt said in a note.However, Iran vowed to resume attacks if Israel continues to target Iran-backed Hezbollah in Lebanon, according to the CNBC report.Israel and Iran were looking for "an immediate ceasefire," US President Donald Trump said Monday."Final negotiations on 'peace' are proceeding, subject to ignorance or stupidity getting in its way," Trump said in a social media post. "The blockade (against Iran) will remain in place, and in full force and effect, until a 'final deal' is reached. Things should move quickly.""Despite repeated optimism from the US administration, a lasting peace agreement appears increasingly elusive," Saxo Bank said in a report. "The near-closure of the Strait of Hormuz continues to tighten global energy markets, with several oil majors warning that the window before physical shortages begin to emerge may be measured in weeks rather than months."US Treasury yields were mixed intraday, with the 10-year rate up 1.2 basis points at 4.55%, and the two-year rate falling one basis point to 4.16%.Ciena (CIEN) shares were down 5%, the steepest decline on the S&P 500, as the company said it planned a private offering of $2 billion of convertible senior notes due 2031.Oracle (ORCL) and Adobe (ADBE) are scheduled to report their latest financial results later this week, along with others.Gold was down 0.2% at $4,358.50 per troy ounce, while silver dropped 0.9% to $68.50 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADBE$CIEN$CSCO$GOOG$GOOGL$INTC$MU$NVDA$ORCL$TSM
Wire

Market Chatter: OpenAI's Stargate Data Center Faces Rising Costs, Power Challenges

A data center developed by Crusoe in Texas that is part of Microsoft-backed (MSFT) OpenAI's Stargate computing effort is facing mounting costs and power-related challenges, The Information reported Monday, citing two people with direct knowledge of the matter as well as engineers and power grid experts.Crusoe has had to pause operations at the site periodically due to issues including cooling mishaps, turbine glitches, and Texas grid rules designed to manage power swings, as well as risks to money, personnel and equipment, the report said.Crusoe and OpenAI didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $409.59, Change: $-7.08, Percent Change: -1.70%

$MSFT$ORCL
Wire

OpenAI's Stargate Data Center Developers Face Higher Costs, The Information Reports

OpenAI's Stargate Data Center Developers Face Higher Costs, The Information Reports

$MSFT$ORCL
Oracle Cloud Infrastructure Revenue Could Exceed Expectations, Oppenheimer Says
US Markets

Oracle Cloud Infrastructure Revenue Could Exceed Expectations, Oppenheimer Says

Oracle's (ORCL) fiscal fourth-quarter revenue from its cloud services could exceed Wall Street's estimates, Oppenheimer said in a note on Monday.The cloud computing company is scheduled to release its results on Wednesday.Oppenheimer projects Oracle's cloud infrastructure revenue to grow 96% to $5.87 billion in the fourth quarter, compared with the consensus estimate that calls for a 92% jump.Assuming the beat materializes, the company could exceed its own full-year cloud infrastructure guidance by $180 million, reflecting a 400-basis-point upside to the Street's estimates, according to the brokerage.This could set Oracle up for higher cloud infrastructure revenue guidance in fiscal 2027 despite tough year-over-year comparisons, Oppenheimer analysts Brian Schwartz and Idan Gutkind said.Oppenheimer continues to forecast earnings per share of $1.98 for the fourth quarter, above analysts' views that it put at $1.95. The brokerage projects 19% year-over-year growth in total revenue to $18.92 billion, while the Street is looking at $19.1 billion."We expect to see positive results from Oracle in its seasonally strong (fourth quarter) and support for our superior EPS compounder thesis," Schwartz and Gutkind said.Oppenheimer cited several factors behind its upbeat earnings view on Oracle, including the company's plans to layoff 30,000 people.The brokerage raised its price target on Oracle to $275 from $235, while reiterating its outperform rating on the stock.Price: $214.45, Change: $+0.76, Percent Change: +0.36%

$ORCL
Wire

Update: Oppenheimer Raises Oracle Price Target to $275 From $235 Due to 'Strengthening Business Momentum', Maintains Outperform Rating

(Updates with the analyst's commentary.)Oppenheimer raised its price target on Oracle (ORCL) to $275 from $235, highlighting the company's fiscal Q4 resuklts, especially stronger expected (Oracle Cloud Infrastructure) growth."We believe our research mosaic (large partners and competitor checks, regression analysis and company-specific data) around enterprise IT demand, business activity, top of the funnel momentum, potential upside to estimates, and the earnings setup are positive for Oracle in F4Q," analysts Brian Schwartz and Idan Gutkind wrote in a Monday note.Oracle's partners also posted huge capital expenditures, which reflects "greater than expected IT demand," the analysts mentioned.Oracle has an average rating of overweight and mean price target of $254.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $214.15, Change: $+0.47, Percent Change: +0.22%

$ORCL
Wire

Oracle Seen Posting Positive Results in Fiscal Q4 on Greater-Than-Expected IT Demand, Oppenheimer Says

Oracle (ORCL) is expected to post positive results in a seasonally strong fiscal Q4, Oppenheimer said in a Monday note.The company is scheduled to release its fiscal Q4 financial results on Wednesday.Robust capital spending from Oracle's largest partners reflects greater-than-expected IT demand for the company's compute and infrastructure software, Oppenheimer analysts said.For fiscal Q4, the analysts estimate Oracle's pro-forma EPS to grow 16% year over year to $1.98 and revenue to rise 19% to $18.9 billion. Oppenheimer also projects 96% revenue growth for Oracle Cloud Infrastructure for the quarter.Further, Oracle could see upside on its margins and earnings, as well as medium-term financial guidance, based on its recent restructuring announcement, seasonally low job openings, and potential upside to hyperscaler gross margin deployments from BYOE initiatives and company efficiencies, the note said.Oppenheimer reiterated Oracle's stock rating at outperform and raised the price target to $275 from $235.Price: $212.03, Change: $-1.65, Percent Change: -0.77%

$ORCL
Asia Markets

US Equity Futures Higher Pre-Bell as Trump Tries to Keep Fragile Middle East Ceasefire Intact Amid New Israel-Iran Clashes

US equity futures were edging higher pre-bell Monday as President Donald Trump tried to hold together the fragile Middle East ceasefire after Israel and Iran exchanged attacks over the past few days.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.4% higher.In a post on Truth Social, Trump said that Israel and Iran were looking to do an "immediate" ceasefire after the two nations exchanged a series of attacks. Israeli forces on Sunday had launched strikes on Iran-backed Hezbollah forces inside Beirut, Lebanon, and Iran had retaliated with missile attacks. "The Blockade will remain in place, and in full force and effect, until a 'Final Deal' is reached," Trump said.The US imposed a blockade of Iranian ports after Iran barred transit of ships in the Strait of Hormuz.Oracle (ORCL) and Adobe (ADBE) are among the companies scheduled to release quarterly financial results within the week.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.8% at $94.74 per barrel and US West Texas Intermediate crude 1.4% higher at $91.82 per barrel.The NY Federal Reserve's June consumer inflation expectations index is scheduled to be released at 11 am ET.In other world markets, Japan's Nikkei closed 3.9% lower, Hong Kong's Hang Seng ended 1.2% lower, and China's Shanghai Composite finished 1.7% lower. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.3% lower in Europe's early afternoon session.In equities, Nvidia (NVDA) shares rose 2.4% after a Bloomberg report cited company CEO Jensen Huang as saying that a global technology stock selloff was an opportunity to purchase shares at a discount. Eli Lilly (LLY) stock was up 1.7% after the drugmaker said its experimental obesity drug retatrutide delivered significant weight loss in two clinical studies and showed "meaningful" improvements in knee osteoarthritis pain and sleep apnea. Advanced Micro Devices (AMD) stock was up 3.7% after the company said it plans to invest up to 2 billion British Pounds ($2.7 billion) in the UK over the next five years to accelerate artificial intelligence research.On the losing side, Haleon (HLN) shares dropped 1% after the company said it plans to invest about 175 million pounds ($233.1 million) to build a new oral health manufacturing facility in Madhya Pradesh and expand distribution across rural India.

Dow JonesNasdaq CompositeS&P 500$ADBE$AMD$HLN$LLY$NVDA$ORCL
Japan

US Equity Futures Higher Pre-Bell as Trump Tries to Keep Fragile Middle East Ceasefire Intact Amid New Israel-Iran Clashes

US equity futures were higher pre-bell Monday as President Donald Trump tried to hold together the fragile Middle East ceasefire after Israel and Iran exchanged attacks over the past few days.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 1.2% higher.In a post on Truth Social, Trump said that Israel and Iran were looking to do an "immediate" ceasefire after the two nations exchanged a series of attacks. Israeli forces on Sunday had launched strikes on Iran-backed Hezbollah forces inside Beirut, Lebanon, and Iran had retaliated with missile attacks. "The Blockade will remain in place, and in full force and effect, until a 'Final Deal' is reached," Trump said.The US imposed a blockade of Iranian ports after Iran barred transit of ships in the Strait of Hormuz.Oracle (ORCL) and Adobe (ADBE) are among the companies scheduled to release quarterly financial results within the week.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.3% at $94.26 per barrel and US West Texas Intermediate crude 1% higher at $91.44 per barrel.The NY Federal Reserve's June consumer inflation expectations index is scheduled to be released at 11 am ET.

Dow JonesNasdaq CompositeS&P 500$ADBE$ORCL
Stocks Mostly Up Pre-Bell as Traders Assess Renewed Middle East Tensions, Await Key Inflation Data
US Markets

Stocks Mostly Up Pre-Bell as Traders Assess Renewed Middle East Tensions, Await Key Inflation Data

The benchmark US stock measures were mostly pointing higher before the opening bell Monday as investors weigh tensions after Iran and Israel exchanged strikes and await key inflation data later this week.The S&P 500 increased 0.4% and the Nasdaq added 0.8% in premarket activity, while the Dow Jones Industrial Average edged down less than 0.1%. The indexes finished Friday's trading session in the red, with the Nasdaq reportedly recording its biggest one-day decline since April 2025.Iran launched a fresh wave of airstrikes against Israel on Monday, Bloomberg News reported. Israel responded with strikes on military targets in western and central Iran, while Iranian state media reported multiple explosions in Tehran, according to Bloomberg.Tensions between the two countries escalated after Iran launched missiles toward Israel over the weekend in retaliation for Israeli strikes on the southern suburbs of Beirut, Lebanon.President Donald Trump told Israeli Prime Minister Benjamin Netanyahu not to retaliate against Iran's attack and allow time for more diplomacy, Axios reported Sunday, citing a senior US official and an Israeli source.An Iranian official involved in the discussions between Washington and Tehran told MS NOW that a peace deal with Trump is "no longer feasible" after the latest exchange of fire.West Texas Intermediate crude oil jumped 3.8% to $94.02 a barrel before the open, while Brent gained 3.6% to $96.43.With no major economic reports scheduled for Monday, traders will turn their attention to the consumer price index for May on Wednesday, followed by data on wholesale prices for the same month on Thursday.On Friday, the Bureau of Labor Statistics reported that total nonfarm payrolls in the US rose by 172,000 in May, nearly double the 88,000 increase expected in a Bloomberg-compiled survey.Treasury yields were trending upwards in premarket action, with the two-year rate rising 0.2 basis points to 4.16% and the 10-year rate inclining 1.8 basis points to 4.55%.Eli Lilly's (LLY) shares advanced 3.9% pre-bell after the drugmaker said its investigational drug for obesity, retatrutide, showed "substantial" weight loss in two clinical studies, as well as "meaningful" improvements in knee osteoarthritis pain and sleep apnea.Oracle (ORCL) and Adobe (ADBE) are scheduled to report their latest financial results later this week. Campbell's (CPB) posts its earnings before the bell Monday.Gold declined 0.9% to $4,325 per troy ounce, while bitcoin climbed 2.9% to $63,118.

Dow JonesNasdaq CompositeS&P 500$ADBE$CPB$LLY$ORCL
Asia Markets

US Equity Investors to Focus on Inflation Data as April Ceasefire Tested Following Iran-Israel Overnight Strikes

US equity investors will focus on the inflation data, a worsening conflict in the Middle East, and the likely public listing of SpaceX this week.* The consumer and wholesale price indexes for May are due Wednesday and the Thursday, respectively, with initial jobless claims likely on the latter. Michigan consumer sentiment preliminary and inflation expectations is due Friday. Existing home sales and ADP employment change are set for Tuesday.* The strength in the CPI is largely coming from energy, with gasoline up roughly 8% on the month, alongside idiosyncratic pressures, Jefferies said in a note Friday. "Overall, the firm print looks somewhat skewed by energy and one-offs, but still keeps the inflation backdrop sticky in the near term."* "Seasonal adjustment factors have been haircutting seasonally unadjusted price changes more so in recent years than previously which could have a dampening effect," a Scotiabank note said Friday.* Israel and Iran exchanged fire that extended into Monday morning, in a resumption of violence that tested President Donald Trump's Middle East ceasefire, The Wall Street Journal reported Monday. Trump told The Financial Times that Israel would have to accept any deal the US reaches with Iran, saying "I call all the shots," CNN reported same day.* The overnight exchange will only worsen a "chaotic diplomatic process" with the US, Iran's Foreign Ministry spokesperson was cited as saying in a Reuters news report. Esmaeil Baghaei reportedly added that it would also further exacerbate Tehran's suspicion toward Washington.* SpaceX (SPCX), which likely IPO on June 12, Amazon-backed (AMZN) Anthropic, and Microsoft-backed (MSFT) OpenAI's upcoming public offerings may drag down broader stock markets, Research Affiliates founder Rob Arnott told Bloomberg News on Friday. Index funds will have to trim their current positions to make room for new entrants.* Quarterly earnings due include Oracle (ORCL), Adobe (ADBE), Lennar (LEN), and Trip.com (TCOM).

Dow JonesNasdaq CompositeS&P 500$ADBE$LEN$ORCL$TCOM
Nasdaq Suffers Worst Day in More Than a Year; S&P 500 Snaps Winning Weekly Streak
US Markets

Nasdaq Suffers Worst Day in More Than a Year; S&P 500 Snaps Winning Weekly Streak

The Nasdaq Composite logged its biggest one-day decline since April 2025 as traders evaluated the official jobs report, while the S&P 500 snapped its winning weekly streak.The technology-heavy Nasdaq plunged 4.2% to 25,709.4 on Friday, the most since April 2025, according to CNBC. The S&P 500 shed 2.6% to 7,383.7, while the Dow Jones Industrial Average lost 1.4% to 50,866.8, after it closed at a record high in the previous session.Tech saw the steepest drop among sectors, shedding 5.8%, while consumer staples paced the gainers.All three major Wall Street indexes posted weekly losses, with the Nasdaq sliding 4.7% and the Dow slipping 0.3%. The S&P 500 is down 2.6% on the week, after nine straight weekly gains.Cisco Systems (CSCO) declined 6.4% on Friday, the worst performer on the Dow. Nvidia (NVDA) and IBM (IBM) followed Cisco on the index, down 6.2% and 5.6%, respectively.Qualcomm (QCOM), Advanced Micro Devices (AMD), Super Micro Computer (SMCI), and Micron Technology all tumbled more than 10% each, with Micron the worst performer on the S&P 500. Oracle (ORCL), Salesforce (CRM) and Microsoft (MSFT) also closed lower.In economic news, total nonfarm payrolls in the US rose by 172,000 in May, the Bureau of Labor Statistics said, nearly double the 88,000 increase expected in a Bloomberg-compiled survey."Overall, this was a solid employment report," TD Economics said in a report. "Not only did headline payrolls come in stronger than expected, but revisions to prior months were meaningfully higher and well above six-and-twelve-month averages, suggesting some reacceleration in hiring activity."US Treasury yields were higher, with the 10-year rate last up 6.6 basis points at 4.55%, and the two-year rate soaring 11.9 basis points to 4.17%.Markets widely expect the Federal Reserve to leave interest rates unchanged later this month, but the odds of monetary policy tightening later this year have seemingly increased."Despite the lack of consistent messaging in the labor market data, we now have a rate hike fully priced at the December (Federal Open Market Committee) meeting," James Knightley, chief international economist at ING, said in a note. "That is understandable given the Fed's hawkish pivot and the hot inflation prints of recent months."West Texas Intermediate crude oil was down 2.9% at $90.38 a barrel in Friday late-afternoon trade, while Brent fell 2% to $93.11.Major oil-producing nations belonging to the OPEC+ cartel are expected to agree to continue raising output when they meet on Sunday to decide on July's production quota, analysts told.The cartel is seen lifting July's production quota by another 188,000 barrels per day, DBS Bank's Suvro Sarkar said.Gold was last down 3.7% at $4,338.30 per troy ounce, while silver dropped 8.4% to $67.79 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$CRM$CSCO$IBM$MSFT$MU$NVDA$ORCL$QCOM$SMCI
Equities Fall, Yields Jump Intraday After Jobs Report; Tech Leads Sell-Off
US Markets

Equities Fall, Yields Jump Intraday After Jobs Report; Tech Leads Sell-Off

US benchmark equity indexes were lower intraday amid a technology sector-led sell-off, while Treasury yields jumped as markets parsed the latest official jobs report.The Nasdaq Composite was down 3.2% at 25,950.7 after midday Friday, while the S&P 500 fell 2% to 7,434.3. The Dow Jones Industrial Average shed 0.9% to 51,109, after closing at a record high in the previous session.Tech saw the steepest drop among sectors intraday Friday, down 4.7%, while consumer staples paced the gainers.IBM (IBM) shares dropped 6%, the worst performer on the Dow. Cisco Systems (CSCO) and Nvidia (NVDA) followed IBM on the index, down 5.8% and 5.6%, respectively. Several other big tech names also fell. These included Microsoft (MSFT), Oracle (ORCL), Salesforce (CRM), Qualcomm (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), and Super Micro Computer (SMCI), which tumbled 11% -- the second-worst performer on the S&P 500.In economic news, total nonfarm payrolls in the US rose by 172,000 in May, the Bureau of Labor Statistics said, nearly double the 88,000 increase expected in a Bloomberg-compiled survey."Overall, this was a solid employment report," TD Economics said in a report. "Not only did headline payrolls come in stronger than expected, but revisions to prior months were meaningfully higher and well above six-and-twelve-month averages, suggesting some reacceleration in hiring activity."US Treasury yields were higher intraday, with the 10-year rate up 7.1 basis points at 4.55%, and the two-year rate soaring 11.9 basis points to 4.17%.Markets widely expect the Federal Reserve to leave interest rates unchanged later this month, which would mark its fourth straight pause, according to the CME FedWatch tool."Most (Federal Open Market Committee) participants have said they would prefer to remove the easing bias in the FOMC statement on account of rising inflation risk, and this (jobs) report should reinforce that shift," Morgan Stanley said in a note. "We read this employment report as indicating the Fed can and will remove its easing bias in June."West Texas Intermediate crude oil was down 3.2% at $90.03 a barrel intraday, while Brent fell 2.3% to $92.82.A potential US-Iran peace deal hinges on the Trump administration agreeing to release $24 billion in frozen Iranian assets, CNN reported Friday, citing Mohsen Rezaei, military adviser to Supreme Leader Ayatollah Mojtaba Khamenei."The negotiations are at a deadlock, and (US President Donald) Trump must break this deadlock," Rezaei reportedly said. "The ball is in Trump's court."In company news, FedEx Freight (FDXF) shares jumped 7.8% intraday, the best performer on the S&P 500, as Stifel initiated the stock at hold, with a $160 price target.Gold was down 3.1% at $4,367 per troy ounce, while silver dropped 6.5% to $69.13 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$CRM$CSCO$FDXF$IBM$MSFT$MU$NVDA$ORCL$QCOM$SMCI
Oracle Faces Capacity Test Heading Into Fourth-Quarter Results, RBC Says
US Markets

Oracle Faces Capacity Test Heading Into Fourth-Quarter Results, RBC Says

Oracle (ORCL) faces a critical test of whether it has overcome its capacity constraints as it continues to expand artificial intelligence infrastructure, RBC Capital Markets said in a note emailed Friday.The company has consistently pointed to supply as a constraint for cloud infrastructure growth, RBC analyst Rishi Jaluria wrote. That means the focus in the upcoming results will be on megawatt additions, new campus announcements and the pace of graphics processing unit cluster deployments."A central question for (the fiscal fourth quarter) is whether Oracle can demonstrate that data center capacity is coming online fast enough to meet the demand pipeline it has been signaling," Jaluria said.The cloud computing company's remaining performance obligations exceeded $550 billion in the third quarter, reflecting a clear demand signal, he said."Any deceleration, or color suggesting that deal activity slowed due to capacity constraints rather than demand softness, will be a key differentiator for how the market interprets the print," Jaluria said.Oracle is scheduled to release its quarterly results Wednesday. "We maintain a cautious stance heading into the print," according to Jaluria.RBC raised its price target on Oracle's shares to $190 from $160, citing "peer multiple expansion," while maintaining its sector perform rating.Shares of Oracle were down 6.7% intraday Friday, but have gained 13% year to date.Price: $219.54, Change: $-16.80, Percent Change: -7.11%

$ORCL

Showing 21-40 of 92