Nasdaq Jumps 300 Points; Oracle Shares Spike Higher

Benzinga · Jun 13 00:06

U.S. stocks traded higher midway through trading, with the Nasdaq Composite surging more than 300 points on Wednesday.

The Dow traded up 0.65% to 38,997.91 while the NASDAQ rose 1.82% to 17,659.08. The S&P 500 also rose, gaining, 1.27% to 5,443.32.

Leading and Lagging Sectors

Information technology shares jumped by 2.6% on Wednesday.

In trading on Wednesday, utilities shares fell by 0.5%.

Top Headline

Shares ofOracle Corporation(NYSE:ORCL) jumped over 11% on Wednesday after the company reported fourth-quarter financial results.

Oracle reported fourth-quarter revenue of $14.3 billion, missing the consensus estimate of $14.554 billion, according to Benzinga Pro. Oracle reported fourth-quarter adjusted earnings of $1.63 per share...

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Nasdaq Jumps 300 Points; Oracle Shares Spike Higher

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