Newspaper article St Louis Post-Dispatch (MO)

Oracle Sets Pace to Lead Market Higher

Newspaper article St Louis Post-Dispatch (MO)

Oracle Sets Pace to Lead Market Higher

Article excerpt

Stocks logged their biggest gain in more than two weeks Friday as better-than-expected earnings from Oracle Corp. boosted software issues and helped the Nasdaq composite index snap a six-day slide.

Stocks got a additional spark from the quarterly expiration of options and futures, which spurred demand for shares. More than 516 million shares traded on the New York Stock Exchange, making it the exchange's seventh-most active day ever.

Oracle surged to an all-time high after reporting fiscal fourth-quarter net income rose 47 percent on strong sales of its database programs, especially overseas. Some investors saw those results as the first piece of evidence that the industry's benchmark companies are hitting on all cylinders.

The Dow Jones industrial average jumped 45.8, gaining about 25 points in the last half-hour of trading. The 30-stock average rose about 1 percent for the week.

Boeing Co. jumped 1 3/4 to a record 89 1/8. …

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