Why Is Oracle Stock Up Today?
Oracle has taken on tens of billions in debt to fund its AI data center build-out, a lower-rate outlook offers it outsize relief.
Overview
Oracle Corp (NYSE: ORCL) finished up 5.7% on Thursday, Sept. 3, 2026, after a Governor of the U.S. Federal Reserve indicated he'd prefer to keep interest rates steady.
The S&P 500 and Nasdaq Composite finished Thursday's trading up 1.1% and 1.4%, respectively.
Details
Federal Reserve Governor Christopher Waller told Reuters on Thursday that if the next inflation reading shows price increases moderating, he is "willing to support holding the policy rate at its current level." He said that he would prefer to "give disinflation a chance," rather than to raise rates too early.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.