From Yahoo Finance: 2025-06-13 17:34:00

Shares of Oracle surged 7.7% for a second day, reaching an all-time high after exceeding sales and profit estimates for the fiscal fourth quarter and guiding for revenue growth driven by its booming cloud infrastructure business. The stock was the top performer in the S&P 500.

The S&P 500 fell 1.1% as escalating conflict between Israel and Iran raised geopolitical concerns. Crude oil prices surged due to supply disruption fears. Major U.S. equities indexes dropped after Israel targeted Iran’s nuclear program, prompting retaliation from Tehran.

Payment processors’ shares declined after reports of major retailers considering launching stablecoins to bypass credit-card fees. Corpay stock fell the most at 7.7%. Sherwin-Williams was downgraded by Citi due to housing market softness. Adobe shares slipped despite better-than-expected sales and profits.

Biofuel-related companies’ stocks rose as the Trump administration proposed increasing biofuel blending requirements. CF Industries Holdings gained 6.5%, Bunge Global was up 5.7%, and Archer-Daniels-Midland rose 4.7%. Crude oil futures prices spiked due to Middle East tensions, benefiting oil and gas stocks like Haliburton and APA Corp.

Read more: Index Drops as Middle East Tensions Rise; Oracle Climbs