S&P 500 jumps 1.02% driven by Oracle and tech stocks

Oracle and Tech Drive Gains

Oracle Corporation led the trading session with a spectacular jump of 12.69%, pushing the share price to $155.62. The database giant pulled the entire technology sector along with it. Sandisk Corporation followed with an increase of 11.83% to $952.5, while Fair Isaac Corporation crossed the symbolic threshold of $1,000, reaching $1,000.91 after a gain of 8.52%. Technological services dominated the top spots in the rankings: Cadence Design Systems rose by 8.48% to $288.2, Gartner by 7.31% to $154.22, and ServiceNow by 7.30% to $89.06. The movement also affected financial services, with KKR advancing 7.59% to settle at $98.14.

Decline in Utilities and Agribusiness

Against the general trend, Fastenal Company experienced the largest drop of the session, losing 6.85% to $45.80. The utilities sector was particularly hard hit: Edison International fell 4.40% to $72.39, while Pacific Gas & Electric dropped 4.31% to $17.74. The food industry also declined, with ConAgra Brands down 4.41% to $14.51, General Mills losing 2.89% to $34.56, and Kraft Heinz dropping 2.78% to $22.42. The mining sector also saw a downturn, with Newmont Corporation shedding 3.64% to close at $116.50. Retail was not spared, with Target Corporation dropping 3.29% to $117.88.

A Mixed but Positive Session

This day illustrates the current dynamic of the American market, where technology and digital services are capturing the majority of inflows, to the detriment of traditional defensive stocks. The S&P 500 at 6,886.24 points reflects a selective appetite among investors, focused on a few segments. The session reveals a clear sectoral dichotomy, characteristic of a market seeking new growth drivers.