The S&P 500 rose 0.38% to 6,045.26, nearing its record high, boosted by Oracle's strong Q4 results and increased cloud growth projections fueled by AI demand. Oracle shares surged 13%. Positive economic data, including a subdued May producer price index, also contributed. However, Boeing's stock fell almost 5% following an Air India crash, and President Trump's tariff threats tempered gains. While US-China trade talks yielded a framework, uncertainty remains until a signed deal is reached, keeping the market range-bound.

Prepared by Christopher Adams and reviewed by editorial team.