A quick look at yesterday: after ending Thursday's session at $94.97, Oracle went up to $97.31 yesterday only to fall back and close at $96.97.
Oracle's uptick comes amid good United States macroeconomic data released during the day — United States Average Hourly Earnings improved upon its previous reading of 0.3% with a new data release of 0.5%. Data for United States Non Farm Payrolls published yesterday at 12:30 UTC came out at 253,000, beating projections of 180,000 and showing improvement over the preceding figure of 165,000. United States Unemployment Rate beat analyst expectations of 3.6 and the previous reading of 3.5 with new data of 3.4.
This rally in Oracle's share price coincided with other technology stocks as Apple gained 4.69%, as it traded at $173.57. Adobe added 3.74% to its value, and traded at $348.4. Texas Instruments gained 2.96%, as it traded at $165.82.
The stock has been trending positively for about a month. The enterprise IT company is now trading 2.06% below the significant high of $96.97 it set around a day ago.