Key takeout
- The S&P 500 increased by 0.4% on Thursday, June 12th, 2025, following news that wholesale inflation rates in May were lower than anticipated.
- Oracle anticipates strong revenue growth in its cloud infrastructure segment, with its shares performing notably well on the S&P 500.
- Boeing’s stock took a hit after one of its 787-8 Dreamliner jets crashed in India.
The major stock indexes in the US ended the day higher after data showed a surprising rise in wholesale prices last month. Investors welcomed the second inflation report this week, hoping the Federal Reserve might cut rates sooner rather than later.
The S&P 500 saw a 0.4% increase, while both the Dow and Nasdaq finished about 0.2% higher.
Oracle’s shares climbed by 13.3%, dominating the S&P 500, after the software giant reported quarterly sales and profits that surpassed expectations. Its cloud infrastructure revenue surged 52% compared to last year, reaching $3 billion, and Oracle expects further growth in this segment, projecting over 70% gains for 2026.
Gold prices gained traction amid geopolitical tensions and rising hopes for impending interest cuts from the Federal Reserve. Shares of Newmont, the largest gold producer globally, rose by 4.9% on Thursday.
Cardinal Health has raised its annual profit forecasts and its long-term growth expectations for its Pharmaceutical and Specialized Solutions segment. During its Investor Day, the company announced several strategies, including launching a new multi-specialty management services platform, investing in Biopharma Solutions, and planning a new distribution center. The stock price for Cardinal Health increased by 4.6%.
Boeing shares dropped by 4.8%, making them the worst performers in the S&P 500 on Thursday after a 787-8 aircraft carrying over 200 passengers crashed in India. GE Aerospace, which provided the engines for the aircraft, and Spirit AeroSystems, a Boeing supplier, also saw declines.
Coinbase Global, running the largest cryptocurrency exchange in the US, experienced a 3.8% drop in its shares as Bitcoin prices declined. Recently, Coinbase became the first crypto-native company included in the S&P 500, taking the place of Discover Financial Services following the merger of credit card issuers.
Omnicom shares fell by 2.9%. The Federal Trade Commission is scrutinizing the proposed merger of Omnicom with Interpublic Group, which would create the largest advertising company globally. On Thursday, the FTC suggested that approval might be conditional upon the firms agreeing not to boycott the platform due to political issues.
