Happy Thursday! Oracle’s stock soared more than 40% despite missing earnings expectations, capturing investors’ attention with bold future projections. The monster rally also set a record as billionaire Larry Ellison surpassed Elon Musk as the world’s richest person, as his wealth soared by more than $100 billion. Read on for all the details.

Also, Klarna just lit up Wall Street with a blockbuster IPO that was oversubscribed and priced above expectations. Is this the fintech revival investors have been waiting for? Read on to see what this means for the future of fintech and your investments.

Plus, if you are interested in learning how to capitalize on interest rate moves with leveraged and inverse ETFs, check out today’s sponsor.

Special Note: We extend our heartfelt condolences to Charlie Kirk’s family and loved ones after he was tragically shot and killed during an event at Utah Valley University yesterday.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Wall Street Buzzes As Oracle Makes History Despite Double Earnings Miss + Larry Ellison Passes Elon Musk As World's Richest Person

Shares of Oracle skyrocketed more than 40%, breaking records and propelling co-founder Larry Ellison into history as the first person to gain more than $100 billion in wealth in a single day. The rally wasn’t sparked by flashy earnings beats, as the company actually missed Wall Street's expectations on both the top and bottom lines.

Instead, investors were focused on the future, and Oracle provided guidance that sent shares into the stratosphere. With ambitious projections for its cloud infrastructure business — and massive year-over-year growth tied to key partnerships with Amazon, Google and Microsoft — the company has gone from an old legacy software giant to one of the most talked-about players in modern tech.

Read on for all the details.

Learn How You Can Capitalize On Interest Rate Moves With Leveraged And Inverse ETFs

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Yesterday: U.S. indexes ended mixed Wednesday, with the S&P 500 and Nasdaq Composite closing at record highs after wholesale inflation data came in cooler than expected. The S&P 500 rose 0.3%, marking a new all-time close, while the Nasdaq edged up 0.03%, also notching a record finish. The Dow Jones Industrial Average slipped 0.48%, weighed down by a drop in Apple shares following an underwhelming iPhone launch. August producer prices unexpectedly declined by 0.1%, defying forecasts for a 0.3% increase, boosting hopes for a Federal Reserve rate cut at next week’s policy meeting.

On Our Radar: Analysts will be monitoring initial jobless claims as well as the Consumer Price Index (CPI) this morning for insights on inflation trends and how they may influence the Federal Reserve’s next policy move. On the earnings front, all eyes will be on Adobe (ADBE), which will report results after the market close today.

Shares of Oracle (ORCL) surged more than 40% on Wednesday and hit a new 52-week high despite missing Wall Street estimates on the top and bottom lines. But that wasn’t the only company making big moves. Here’s a look at some of the biggest winners and losers on Wednesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Trade Faster With News Others See Late

Benzinga Pro delivers market-moving headlines 5–15 minutes before mainstream sources so you can act while others react. Our market-trained AI turns clutter into clear trade ideas in seconds. Open one dashboard each morning, see what moved and why, then plan your day with confidence.

On This Day In 2001…

The United States experienced a series of coordinated terrorist attacks that resulted in the deaths of nearly 3,000 people and caused massive destruction in New York City and Washington, D.C. In response, the NYSE and NASDAQ closed for four full trading days — the longest shutdown since the Great Depression. When markets reopened on September 17, the Dow Jones Industrial Average fell by 684 points, or about 7.1%, marking one of the largest single-day point drops in history at the time. Over the course of that week, the Dow lost over 1,300 points, or roughly 14%, while the S&P 500 and NASDAQ posted similarly steep losses. In the months following, markets slowly recovered, helped by government stimulus and coordinated central bank action.

QUOTE OF THE DAY

“Those who do not remember the past are condemned to repeat it.“

— Benjamin Graham

Klarna IPO Has Wall Street Buzzing — Does This Set The Stage For A Fintech IPO Revival?

Klarna made a splash on Wall Street, raising $1.37 billion in its U.S. IPO, which was oversubscribed 25 times and priced above range.

But it’s not all good news. Klarna’s valuation is down 66% from its 2021 peak ($46 billion). As BNPL usage skyrockets and losses deepen, combined with regulatory scrutiny mounting, Klarna’s move forward is anything but straightforward.

Is this the spark that reignites the fintech IPO market? Read on to see what this means for the future of fintech and your investments.

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