The S&P 500, Dow Jones, and Nasdaq are all up today, with Oracle leading the rally after signing agreements for a US joint venture with American investors. Cloud infrastructure stocks and chipmakers are also driving market sentiment higher.

Bond yields are up today, with the 10-year T-note yield at 4.15%. New York Fed President John Williams remains optimistic about US economic growth. Market volatility is expected due to triple witching expiration.

Overseas markets are higher, with Japan’s Nikkei up 1.03%. European bond yields are climbing. German PPI and GfK consumer confidence index fell. UK retail sales were weaker than expected.

Stocks like Micron Technology and Lam Research are up, leading gains in chip stocks. Cryptocurrency-exposed stocks are also climbing. Whitefiber Inc and Echostar Corp are up, while Lamb Weston and Nike are down after forecasts miss expectations.

Stryker Corp and Cummins Inc are up after upgrades, while Lyft and KBR Inc are down after downgrades. Paychex and FedEx are down, with Elevance Health also in the red after a downgrade. Earnings reports include Carnival Corp, Conagra Brands, and more.

Read more at NASDAQ MarketSite: Stocks Supported by Strength in Cloud Stocks and Chip Makers