The S&P 500 and Nasdaq climbed to fresh record highs after U.S. wholesale prices fell. Bond yields also slipped on the softer PPI data, adding to market optimism. Elsewhere, Oracle shares surged the most since 1992 on major cloud contract wins, sparking a rally in other AI-related stocks, while Synopsys posted its steepest drop in three decades as trade tensions weighed on sales. Turning to commodities, oil rose for a third straight day, iron ore eased on profit-taking, and gold hovered near record highs. Back home, Australian shares are set to open lower on Thursday, with the Aussie dollar slipping to 66 U.S. cents.

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