1. Oracle Corporation reported a 78% increase in quarterly profit, beating Wall Street expectations. The tech giant’s revenue also exceeded forecasts, driven by strong demand for its cloud services. The company’s shares rose by 4% following the announcement.
2. In other news, the S&P 500 hit a record high as investors welcomed the Federal Reserve’s decision to maintain its current monetary policy. The index closed at 4,358.69, with gains seen across various sectors including technology, healthcare, and consumer discretionary.
3. Meanwhile, jobless claims in the United States fell to a new pandemic low of 360,000, signaling a strengthening labor market. Economists believe this trend could lead to further economic recovery and growth in the coming months.

Read more at Barchart: Oracle Is Rocketing on Earnings. Here’s Where Option Data Tells Us ORCL Stock Could Be in 2 Days and at the End of 2025