Key Takeaways
\nThe S&P 500 and Nasdaq climbed to record highs Wednesday following a report showing wholesale inflation surprisingly fell in August. Oracle shares soared after the computing giant gave a better-than-expected outlook on strong AI demand.Synopsys shares fell after the company reported quarterly results that missed estimates and lowered its full-year outlook. <\/p>\n
The S&P 500 and Nasdaq climbed to record highs<\/a> Wednesday following a report showing wholesale inflation surprisingly fell in August. The Dow slid, however, led by a drop in shares of Apple (AAPL<\/a>), after the tech giant\u00a0launched its iPhone 17 models<\/a>\u00a0yesterday.\n<\/p>\n Oracle (ORCL<\/a>) shares added more than a third of their value to lead gains on the S&P 500, after the computing giant raised its outlook for cloud infrastructure sales<\/a> on booming AI demand.\n<\/p>\n Shares of Bill (BILL<\/a>), a financial automation software company, also gained after activist investor<\/a> Elliott Investment Management took a stake in the firm.\n<\/p>\n Shares of GameStop (GME<\/a>) jumped after the videogame retailer reported better-than-expected results and said it held more than half a billion dollars worth of Bitcoin<\/a>, with plans to distribute a special dividend to shareholders in the form of warrants<\/a>.\u00a0\n<\/p>\n Synopsys (SNPS<\/a>) was the worst-performing stock in the S&P 500 after the semiconductor design software maker missed earnings estimates<\/a> and cut its full-year outlook as sales of its design intellectual property dropped.\n<\/p>\n The Trade Desk (TTD<\/a>) shares slumped following a downgrade from Morgan Stanley, which raised concerns about the adtech company\u2019s growth as its revenue forecast implied continued challenges ahead.\n<\/p>\n Fox (FOXA<\/a>) shares slid for a second-straight session following the resolution<\/a> of the Murdoch family fight over who would control Rupert Murdoch\u2019s<\/a> media empire.\u00a0\u00a0\n<\/p>\n Oil and gold futures advanced. The yield on the 10-year Treasury note declined. The U.S. dollar lost ground to the euro, pound, and yen. Prices for major cryptocurrencies were higher.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways The S&P 500 and Nasdaq climbed to record highs Wednesday following a report showing wholesale inflation…\n","protected":false},"author":2,"featured_media":147087,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[191,74],"class_list":{"0":"post-147086","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/147086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=147086"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/147086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/147087"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=147086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=147086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=147086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}