Why Oracle Stock Just Jumped
Oracle is riding a double wave today: a deeper Google partnership and Microsoft's blockbuster cloud earnings.
Overview
Oracle Corporation (NYSE: ORCL) stock was up 8.2% as of 3:20 p.m. ET Thursday. The S&P 500 and the Nasdaq Composite were up 1.8% and 3%, respectively.
Shares of the company are gaining after it announced, alongside Alphabet's Google, that the two tech giants are expanding a key partnership.
Details
The tech market is also getting a lift across the board after Microsoft's better-than-expected earnings were released Wednesday afternoon.
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.