On Tuesday, March 12th, U.S. markets closed higher, with the S&P 500 closing at a record high, boosted by Oracle’s rally and consumer price data that kept hopes alive for upcoming interest rate cuts. According to economic data, in February 2024, inflation rose to 3.2% year-over-year, exceeding both the prior and anticipated rates of 3.1%. The core CPI grew by 0.4% monthly, matching January’s increase and surpassing the expected 0.3%. Oracle (NYSE:ORCL) shares soared to a record high after reporting strong quarterly results and announcing an upcoming collaboration with AI chip leader Nvidia (NA…