Yesterday at a glance: pronounced bullish sentiment in the market helped the US tech hardware giant to make a notable 1.78% gain yesterday, rising $1.42 and ultimately closing at $81.28.
United States Consumer Price Index is next today at 13:30 UTC.
At the same time, United States Federal Budget Balance (Nov) released yesterday at 19:00 UTC with a figure of -249 billion, while the previous figure was -88 billion. United States 10-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.625, while the previous figure was 4.14. Fresh 3-Year Note Auction data from United States came out at 4.093.
A look at other technology stocks also showed bullish price action as Microsoft was up 2.89%. Intuit traded at $410.78 after closing yesterday's trading day at $399.83 (up 2.74%). Apple gained 1.64%, as it traded at $144.49.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories is projected to outperform its last figure with -3.91 million. It previously stood at -5.19 million; data will be released tomorrow at 15:30 UTC.
The market is looking forward to the release of new data: United States Consumer Price Index is expected today at 13:30 UTC. United States Interest Rate is expected tomorrow at 19:00 UTC.
The stock has been trending positively for about 2 months. Oracle hit a significant low of $61.07 around 2 months ago, but has since recovered 30.77%.