Oracle closes at $95.55 after gaining 1.76%

Yesterday at a glance: pronounced bullish sentiment in the market helped the US tech hardware giant to make a notable 1.76% gain yesterday, rising $1.65 and ultimately closing at $95.55.

United States Retail Sales is next today at 12:30 UTC.

On the flip side, highly important Producer Price Index data from United States beat analyst expectations of 0.1% with a reading of -0.5%. Initial Jobless Claims in United States fell short of market expectations (232,000) with a reading of 239,000, continuing the decline from the previous figure of 228,000.

Meanwhile, United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.62 trillion, while the previous figure was 8.63 trillion.

This rally in Oracle's share price coincided with other technology stocks as Apple traded at $165.56 after closing yesterday's trading day at $160.1 (up 3.41%). Microsoft traded at $289.84 after closing yesterday's trading day at $283.49 (up 2.24%). Adobe added 2.41% to its value, and traded at $378.8.

Also worthy of note, United States Core Retail Sales projected to come out at -0.3% — worse than previous data of -0.1%; data will be released today at 12:30 UTC.

Furthermore, the market is looking at United States Retail Sales figure is projected at -0.4%. It previously stood at -0.4%; data will be released today at 12:30 UTC.

The stock has been trending positively for about 29 days. 8 days ago the US tech hardware giant reached a significant high of $95.92 but has consequently lost 2.11% since then.