S&P 500 Closes at Record After Weaker Producer Price Index

The stock market was mixed on Wednesday, S&P 500 logging in a fresh record as it 0.3% higher to 6,532. Oracle (ORCL) stock jumped over 36% after it forecaster a whopping $144 billion AI-fueled cloud revenue by 2030. This is a significant increase from its current projected level of less than $20 billion, lifting AI hopes.

In terms of inflation, producer price index unexpectedly fell 0.1% in August, against estimates of 0.3% gain. This seems to be a positive development ahead of Thursday’s consumer price index reading that inflation in the U.S. economy is cooling.

Meanwhile, NASDAQ closed flat at 21,886.

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Here is the one-year chart of Sea (SE) as of August 14, 2025, when the stock was at $174.

Sea is growing fast and profitable in its three core businesses—Shopee, Monee, and Garena. Revenue popped 38% year-over-year, its highest growth rate since March 2021.

Shopee’s (E-commerce) Gross Market Value of goods sold was up 28% with gross orders growing 29%. Meanwhile, Monee’s (Digital Financial Services) loan book expanded by over 90%, active borrowers grew 45%, and first-time borrowers increased by 4 million in Q2 alone. Lastly, Digital Entertainment video game bookings (pre-paid cards) grew 23%.

Last quarter, profits jumped 364% year-over-year and the stock broke out after earnings.

SE is part of our Growth Portfolio and Aggressive Growth Portfolio.

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