A quick look at yesterday: after closing Friday at $85.34, Oracle closed at $86.42 yesterday after climbing to $87.59 and dropping back down.
United States Fed Chair Powell speech is next today at 13:00 UTC.
This rally in Oracle's share price coincided with other technology stocks as Salesforce traded at $147.1 after closing yesterday's trading day at $140.51 (up 4.69%). ASML Holding added 4.28% to its value, and traded at $621.33. NVIDIA gained 5.18%, as it traded at $156.28.
Also worthy of note, projections for United States Crude Oil Inventories are set for a continuation of decline with -2.38 million while previous data was 1.69 million; data will be released tomorrow at 15:30 UTC.
Furthermore, the market is looking at United States Fed Chair Powell speech will be released today at 13:00 UTC. United States EIA Short-Term Energy Outlook is expected today at 17:00 UTC.
The stock has been trending positively for about 3 months. The US tech hardware giant has managed to gain 3.27% so far this year despite trading at lows around $61.07 previously.