• Markets Right Now: Stocks gain, approaching another record

    27 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:35 a.m.
    Stocks are opening broadly higher on Wall Street, erasing the market's losses from May and setting the S&P 500 on course to reach another record high.
    Technology, health care and industrial companies led the way higher in early trading on Thursday. Every sector rose.
    The gains came a day after the Federal Reserve said it was ready to cut interest rates if needed to protect the U.S. economy.
    The S&P 500 index rose 25 points, or 0.9 percent, to 2,952. That's about seven points above its record high close on April 30.
    The...
    Read more ...

     

  • Oracle is set to open at a record high after spiking on strong earnings

    Oracle is set to open at a record high after spiking on strong earnings

    27 days ago - By Business Insider

    Oracle climbed as much as 7% in pre-market trading on Thursday morning after the firm reported better-than-expected earnings for the fourth quarter.
    The cloud and database company is set to open at a record high, which it last hit in April at $55.41 a share.
    Oracle's strong fourth-quarter results were thanks to a boost in its cloud applications business.
    Watch Oracle trade live here .
    Oracle jumped by as much as 7% before the opening bell on Thursday and was on track to open at a record high after beating expectations for its fourth-quarter earnings.
    The company generated $1.16 in earnings...
    Read more ...