Oracle slump drags tech lower as Dow jumps 400 points in divergent market session

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The Dow Jones Industrial Average surged by more than 400 points on Thursday, extending its upward trajectory and reflecting strong momentum in several blue-chip and industrial sectors. 

However, this broad market optimism was tempered by a pronounced drag from the technology space, led by a sharp sell-off in Oracle. 

The company’s shares fell in the range of 14-15 percent after it reported quarterly results that failed to meet market expectations and issued guidance that raised fresh concerns about the sustainability of its current investment…



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Oracle slump drags tech lower as Dow jumps 400 points in divergent market session


The Dow Jones Industrial Average surged by more than 400 points on Thursday, extending its upward trajectory and reflecting strong momentum in several blue-chip and industrial sectors. 

However, this broad market optimism was tempered by a pronounced drag from the technology space, led by a sharp sell-off in Oracle. 

The company’s shares fell in the range of 14-15 percent after it reported quarterly results that failed to meet market expectations and issued guidance that raised fresh concerns about the sustainability of its current investment…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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