Wall Street closed mostly higher to notch more records following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial-intelligence boom.

The S&P 500 added 0.3 per cent and set an all-time high for a second straight day. The Dow Jones fell 0.5 per cent, and the Nasdaq composite inched up less than 0.1 per cent to add to its record set the day before. Oracle helped lead the way after giving a stunning forecast for revenue growth in upcoming years, but a drop for Apple weighed on indexes.

The Australian sharemarket is set to slip, with futures at 6.02am AEST pointing to a fall of 12 points, or 0.1 per cent, at the open. The ASX added 0.3 per cent on Wednesday. The Australian dollar was 0.5 per cent stronger at US66.17¢ at 6.

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