▸ Oracle’s bumper earnings push Wall Street benchmarks to all-time peaks▸ Investors snap up US Treasuries but dollar slips against basket of rivals▸ French stocks and government bond prices rise slightly after PM appointedWall Street rose to fresh record highs yesterday after software company Oracle announced bumper earnings driven by demand for artificial intelligence.The blue-chip S&P 500 index rose as much as 0.7 per cent by midday in New York while the tech-heavy Nasdaq Composite index climbed 0.5 per cent, taking both indices to record peaks.Oracle's share price was 42 per cent higher after the cloud computing group's bookings punched through investor expectations in earnings announced after the market closed on Tuesday.Chris Turner, global head of markets research at ING, said the results “supported the hype in AI investment”.Wall Street stocks were also buoyed by soft inflation data, which added to traders' convictions that the US Federal Reserve will cut interest rates next week.
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