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Wall Street remained quiet as investors awaited key inflation data, with the S&P 500 unchanged and the Dow Jones down 139 points. Oracle's stock fell 9.2% after disappointing growth results, while C3.ai dropped 6.9% despite a smaller-than-expected loss. Treasury yields rose slightly ahead of upcoming inflation reports, as the Federal Reserve prepares for a potential interest rate cut next week.
Small business owners are optimistic about economic growth, with expectations rising significantly. Meanwhile, Mizuho recommends buying shares of Ball, citing a favorable long-term outlook despite recent capacity closures. Nvidia faces scrutiny in China, impacting its stock, while Broadcom is expected to exceed fiscal fourth-quarter estimates. South Korean markets surged amid political turmoil, contrasting with European stocks that opened lower following disappointing trade figures from China. In extended trading, Oracle's shares fell after missing earnings estimates, while MongoDB and Vail Resorts saw gains due to positive forecasts and narrower losses, respectively.
US stock futures edged higher as traders await a crucial inflation report that could influence expectations for an interest-rate cut by the Federal Reserve. Alphabet Inc. saw gains of up to 3.9% due to advancements in quantum computing, while Oracle Corp. and Nvidia Corp. faced declines after disappointing results and regulatory scrutiny, respectively. With Wall Street experiencing its best year since 2019, market participants are looking for fresh catalysts amid a cautious atmosphere ahead of key economic data releases.
Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, dipped ahead of Tuesday's market open, influenced by Oracle's over 6% drop after missing earnings estimates. AppLovin fell nearly 15% after not being added to the S&P 500, while Cava and MicroStrategy also saw significant declines. Key inflation reports are anticipated this week, alongside earnings from Adobe and Costco.
[Bloomberg]
Oracle shares fell after the company reported fiscal second-quarter earnings and revenue that missed analysts' expectations, with adjusted earnings per share at $1.47 and revenue at $14.06 billion. Despite a 9% year-over-year sales growth and a 26% increase in net income, the cloud services segment, which grew 12% to $10.81 billion, remains a key focus. Oracle recently signed an agreement with Meta to utilize its cloud services for AI projects, further enhancing its position in the generative AI market.
Omnicom Group is set to acquire rival Interpublic Group in an all-stock deal, signaling a shift in M&A activity amid anticipated changes in antitrust enforcement under the incoming Trump administration. In market movements, Palantir and Super Micro Computer saw significant buying, with Palantir up over 7% and Super Micro up more than 9%. Meanwhile, Nvidia shares fell following news of an investigation by China's competition regulators, highlighting ongoing geopolitical tensions affecting the tech sector.
The industry report includes a comprehensive SWOT analysis, feasibility assessment, and projected ROI for various healthcare markets, such as medical robots and remote patient monitoring. Key players in the Healthcare Analytics market include IBM, Optum, and Cerner, with insights into regional market shares and trends from 2024 to 2034. The report serves as a vital resource for understanding market dynamics and opportunities for growth in the healthcare sector.
Oracle Corp. is poised for its best year since 1999, driven by a resurgence in its cloud business, which is gaining traction among customers and investors. The company is working to establish its presence in the competitive cloud market, dominated by giants like Amazon Web Services and Microsoft.
U.S. stock futures showed little movement following the S&P 500 and Nasdaq Composite's third consecutive winning week, with the Dow Jones Industrial Average futures down 15 points. The market anticipates a potential interest rate cut by the Federal Reserve at its December 18 meeting, supported by a strong November jobs report. Key inflation data is set to be released this week, with expectations of a slight increase in consumer prices.
Oracle Corp
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
wall street remains steady as investors await key inflation data
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