Why Oracle Stock Is Gaining
Oracle is catching a double tailwind from easing geopolitical tensions and an expanded AI partnership with Alphabet.
Overview
Oracle Corporation (NYSE: ORCL) stock was up 5.3% as of 10:39 p.m. ET Monday. The S&P 500 and the Nasdaq Composite were up 1% and 1.5%, respectively.
Shares of the tech giant are rising along with most of the market, driven by the possible easing of the War in Iran.
Details
On Sunday, President Trump told reporters that he had called off a series of planned strikes against Iran and that a fresh round of negotiations would begin on Monday, renewing hope that an end to the conflict could be found.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.