May's consumer price index reading came in lower than expected, boosting the equity market.
Here are the stocks on the move midday: Oracle – Shares of the software maker surged more than 12% to an all-time high after database management company announced cloud deals with Google and OpenAI. Oracle said it would bring its database to Google's cloud in November. It's also partnering with Microsoft and OpenAI to deliver supplemental computing capacity. Investors looked past Oracle's disappointing fourth-quarter results that fell short of Wall Street expectations.
Apple – The iPhone maker climbed another 4%, briefly surpassing Microsoft in market value.This comes after Apple jumped 7.3% Tuesday after unveiling its artificial intelligence plans Apple Intelligence during a developers conference. Rentokil Initial – Terminix-parent Rentokil's shares jumped 14.5% after Nelson Peltz's Trian Partners amassed a significant position in the pest-control provider.
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