Plunge in Oracle Weighs on Tech Stocks and Overall Market

What you need to know… The S&P 500 Index ($SPX) (SPY) today is down -0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.60%. Stock indexes this morning are moderately lower. Weakness in technology stocks is weighing on the overall market, with Oracle down more than -12% after reporting weaker-than-expected Q1 revenue due to slowing cloud sales. Morgan Stanley said Oracle’s results raise questions about the timing of generative artificial intelligence (AI) demand turning into revenue across the broader business. U.S. financial …

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