Wednesday, June 11, 2025

Markets cooled off somewhat from its hopeful beginnings early in the trading day, which was boosted by better-than-expected Consumer Price Index (CPI) numbers ahead of the bell. There was also a very promising blurb from President Trump on social media declaring a trade deal with China was done, though not much to advance this notion has come out in the hours since.

Thus, the Dow came in 0.00% for the day, while the S&P 500 and Nasdaq snapped three-day winning streaks: -0.27% and -0.50%, respectively, in today’s session. The small-cap Russell 2000 came in -0.38% on the day. Bond yields remained down slightly: 4.42% on the 10-year and back under 4% — 3.96% — on the 2-year.

Oracle Beats Estimates in Fiscal Q4

After today’s close, enterprise software giant Oracle ORCL reported better-than-expected Q4 results, with earnings of $1.70 per share versus expectations of $1.64, and year-ago earnings reported at $1.63 per share. Revenues of $15.9 billion outpaced the $15.5 billion in the Zacks consensus, up +11% year over year. Shares are up +7% in late trading.

Cloud services and licensed support grew +14% in the quarter, and Oracle CEO Safra Catz said big things were in store on the revenue side for cloud infrastructure. “Revenue growth rates will be dramatically higher in 2026,” she said in today’s statement. Cloud infrastructure rates are expected to grow over +70% in the current fiscal year, as Oracle serves AI companies with its cloud services. I suppose it’s time we stopped referring to Oracle as “just” a software company.

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