
US STOCKS-S&P 500 ends higher as Oracle reignites AI rally; Boeing drops

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The S&P 500 closed higher, gaining 23.19 points (0.39%) to 6,045.43, driven by Oracle's optimistic revenue forecast, which boosted AI-related stocks. Boeing shares fell following an Air India crash, and geopolitical tensions in the Middle East weighed on markets. The Nasdaq and Dow also rose, while gold miners advanced as bullion prices increased. Investor sentiment improved amid expectations of a potential interest rate cut by the Federal Reserve, with a 60% chance projected for a 25-basis-point cut by September. Goldman Sachs reduced U.S. recession probability to 30%.
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