Oracle Jumps On Earnings Beat As S&P Breaks Support — SkimNews
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- Oracle stock jumped after the company beat earnings estimates, with cloud infrastructure growth accelerating per the headline.
- S&P 500 broke support as oil prices and Treasury yields soared ahead of CPI inflation data due the same session.
Why it matters: Oracle's earnings beat with accelerating cloud growth offered a bright spot in a session where the S&P 500 broke below key technical support under pressure from rising oil and bond yields, with a critical CPI inflation print pending that could reshape rate-cut expectations.
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