US equites closed slightly higher on Thursday, as a rally in Oracle shares and cooling inflation offset lingering trade uncertainties. The S&P 500 rose 0.4% and Nasdaq gained 0.2%, lifted by a 13% surge in Oracle shares following strong quarterly results and an upbeat forecast for cloud growth driven by AI demand.
However, Boeing fell 4.7% after a deadly crash involving an Air India Dreamliner, weighing on the Dow, which closed 101 points higher. Economic data showed further signs of easing inflation, with the Producer Price Index rising just 0.1% in May, boosting hopes for a Federal Reserve rate cut later this year.
President Trump reiterated his push for a significant rate cut and confirmed plans to send tariff-related letters to US trading partners, while still expressing confidence in a trade framework with China. Among sectors, technology, utilities and health outperformed, while communication services, consumer discretionary and industrials led losses.
Source: Trading Economi
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