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June 30, 2023
Yesterday at a glance: Oracle ended Wednesday at $116.53. yesterday it went up to $117.8 only to drop back, yet still managed to close at $117.78.
United States Core PCE Price Index (MoM) (May) is next today at 12:30 UTC.
Oracle's uptick comes amid good United States macroeconomic data released during the day — highly important GDP data from United States beat analyst expectations of 1.4 with a reading of two. Highly important Initial Jobless Claims data from United States beat analyst expectations of 266,000 with a reading of 239,000.
Nevertheless, United States Pending Home Sales fell short of the -0.5% projections, with new data of -2.7%.
A look at other technology stocks also showed bullish price action as Accenture plc Class A (Ireland) traded at $308.33 after closing yesterday's trading day at $301.72 (up 2.19%). IBM traded at $134.06 after closing yesterday's trading day at $131.76 (up 1.75%).
While Oracle was bullish yesterday, the following technology stocks underperformed: Intel decreases 1.97% yesterday to close at $33.57.
Also worthy of note, United States Core PCE Price Index (MoM) (May) will be released today at 12:30 UTC.
Having set a significant high of $126.55 15 days ago, the US tech hardware giant is trading 7.92% lower.
