DocuSign and Oracle Shares Jump After Soft PPI Data Eases Rate Fears

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โดย Yahoo Finance·Read original

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DocuSign and Oracle shares rose sharply in afternoon trading after a softer-than-expected Producer Price Index report eased inflation concerns and lifted growth stocks. DocuSign gained 3% and Oracle climbed 3.3% as the June wholesale inflation reading fell 0.3% versus expectations for a flat print, following a 0.4% decline in consumer prices the prior session. The data reduced pressure on the Federal Reserve to keep interest rates high, mechanically boosting valuations for companies reliant on future cash flows. The rally countered fears of an IT budget squeeze sparked a day earlier by IBM's warning that clients are reprioritizing capital expenditures toward AI servers and high-bandwidth memory.