Traders were active on the floor of the New York Stock Exchange (NYSE) in New York City on September 9, 2025, as S&P 500 futures saw a positive uptick. This boost was largely driven by an optimistic forecast from Oracle, with traders eagerly anticipating new inflation data. Futures linked to the S&P 500 and Nasdaq 100 both rose by 0.3%, while futures for the Dow Jones Industrial Average experienced a modest decline of 78 points, or 0.2%.
Oracle’s shares surged more than 30% after the tech giant reported astonishing growth in its multicloud database revenue from industry leaders Amazon, Google, and Microsoft, which skyrocketed by 1,529% in the last quarter. This surge was primarily fueled by increased demand for AI servers. “We signed four multi-billion-dollar contracts with three different customers in Q1,” Oracle CEO Safra Catz stated. “It was an astonishing quarter — and demand for Oracle Cloud Infrastructure continues to build.”
The momentum extended to tech securities like Nvidia and AMD, as investors returned to the artificial intelligence sector. However, traders remain cautious as they await the latest producer price index data, which, along with the consumer price index scheduled for release on Thursday, will provide crucial insights into the current state of U.S. inflation.
Economists, citing information from Dow Jones, anticipate a uniform monthly increase of 0.3% across various inflation measures. This prediction includes both the overall indexes and core readings, which exclude volatile food and energy prices. Should these forecasts materialize, it would push the annual headline Consumer Price Index (CPI) rate to 2.9%, while the core reading is expected to hold steady at 3.1%. Art Hogan, chief market strategist at B. Riley Wealth Management, indicated that if these numbers align with estimates, the Federal Reserve is likely to move forward with another rate cut at its September meeting. “In general, the inflation news over the next couple of days would have to be remarkably hotter than anticipated for anything to change the narrative that we’re getting a rate cut in September,” Hogan told CNBC.
On Tuesday, Wall Street marked a record-breaking day, with all three major indexes achieving new closing highs. The Nasdaq even recorded a new all-time intraday high during the trading session, reflecting the market’s dynamism amid evolving economic signals.
As traders navigate through fluctuating data and shifting market sentiment, the focus remains on inflation trends, hinting at potential changes in monetary policy. With significant earnings reports and crucial economic indicators on the radar, the markets are poised for an engaging week ahead.
Original Source: https://www.cnbc.com/2025/09/09/stock-market-today-live-updates.html
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Publish Date: 2025-09-10 17:31:00
