Majority of Stocks Bounce Back After Oracle's Sell-Off

Market Performance: The S&P 500 closed up 0.21% at a 6-week high, while the Dow Jones reached an all-time high with a 1.34% increase; however, the Nasdaq 100 fell 0.35% due to a significant drop in Oracle's shares after disappointing earnings.

Economic Indicators: Weekly initial unemployment claims rose to a 3-month high of 236,000, indicating a weaker labor market, while the US trade deficit unexpectedly shrank to $52.8 billion, the smallest in over five years.

Corporate Earnings: Q3 earnings season showed strong results, with 83% of S&P 500 companies exceeding forecasts, leading to a 14.6% increase in earnings, significantly above the expected 7.2%.

Stock Movements: Notable gainers included Royal Caribbean and managed healthcare stocks, while Oracle and Oxford Industries faced significant declines due to disappointing forecasts and earnings reports.