U.S. stocks drifted higher following another encouraging update on inflation. The S&P 500 added 0.4% Thursday and is sitting less than 2% below its record.

Oracle Corp.’s stock is on pace for its best performance in three-and-a-half years — and analysts like what lies ahead. While Oracle beat expectations with its latest earnings results, analysts seem especially impressed by the company’s guidance and its commentary on the new fiscal year.

U.S. stocks are drifting lower as momentum wanes from a big rally that had brought them to the brink of their record.