U.S. Stocks Rise on Soft Inflation Data, Fed Rate Cut Hopes
U.S. stocks saw a boost as softer inflation numbers raised hopes for a Federal Reserve rate cut. On June 12, the Dow Jones climbed 0.17%,or 70 points. The S&P 500 and Nasdaq also rose by 0.35%.
Traders are optimistic that lower consumer price index readings could lead to monetary easing.Though, the Fed remains cautious about rate cuts, citing concerns over U.S. tariffs’ inflationary impact on trade partners.
President Donald Trump has pressured the Fed to cut rates by one point. While he won’t fire Fed Chair Jerome Powell, Trump hinted at forcing a rate cut.
Boeing’s stock fell 4.5% due to the recent Dreamliner crash in India, adding to the company’s safety scandals. In contrast, Oracle’s stock hit an all-time high, rising 14% after exceeding Wall Street’s earnings expectations.
Oracle revised its 2026 revenue forecast to $67 billion, up from $66 billion. This growth is driven by increasing demand for its AI-powered cloud services, which saw a 14% quarterly rise.
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