Bullish mood lifts Oracle to session high of $95.31

A quick look at today: Oracle ended yesterday at $94.83. today it went up to $95.31 only to drop back, yet still managed to close at $95.15.

Oracle is currently trading at $95.15 following the release of Services PMI data from the United States.

At the same time, United States Services PMI released today at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.

This rally in Oracle's share price coincided with other technology stocks as SAP added 5.59% to its value, and traded at $133.95.

While Oracle was bullish today, the following technology stocks underperformed: TSM dips 4.39% today to close at $89.29. Intel closed at $30.3 (down 1.81%).

The stock has been trending positively for about a month. Approximately 3 days ago, the US tech hardware giant reached a significant high of $96.47 but has struggled to hold onto its gains and declined 1.7% since then.