The US Wall Street market returned to positive gains after showing a decline yesterday.
Major stock indexes surged driven by Oracle's 13.3% increase to a record high due to high demand for public services and artificial intelligence (AI).
The S&P 500 index rose 0.38%, the Dow Jones increased 0.24%, while the technology-focused Nasdaq strengthened 0.24%.
Oracle's excellent performance led to a 1% increase in shares of Microsoft, Nvidia and Broadcom, thus boosting investor confidence in other technology companies such as Amazon.
US President Donald Trump also announced that he would set tariffs on major trading partners in the next two weeks.
Trump said he would send letters to major US trading partners outlining trade tariffs by the July 9 deadline as a step to speed up trade agreements with his administration.
Trump also signaled that he would continue with plans to impose high tariffs after a 90-day reprieve announced in April, although he said there was no need for an extension by July 9.
In other developments, Israel launched strikes on Iran at 3:30 a.m. local time as tensions have been escalating for months over Tehran's rapidly expanding nuclear program.
The US administration denied involvement in the strikes as Trump was expected to hold a sixth round of talks with Iran to resolve the nuclear crisis between the US and Iran.
The Iranian government insisted that it would retaliate against Israeli airstrikes involving large-scale missile and drone strikes after the tragic incident killed several Iranians.
Investors are now focused on Israeli-Iranian geopolitical tensions that risk disrupting oil exports and global markets.
US stock market volume recorded $23.5 billion compared to an average of $18.0 billion over the full 20 trading days.
