Nasdaq, Dow and Oracle
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Stock market today: Dow rises on jobs data; ATI moves past entry as Oracle plunges on earnings (live coverage)
Outside the Dow, ATI ATI led the upside among aerospace industry stocks. The specialist in metal alloys used in plane production gained 2% in the early going and hit a morning session high of 107.27. On Wednesday, shares bolted past a 103.64 buy point in a nearly six-week flat base.
U.S. stocks opened mostly lower as initial bullishness about the Federal Reserve's rate cut on Wednesday gave way to more jitters around AI plays in the wake of Oracle Corp.'s mixed earnings. Investors also were looking at the surge in jobless claims at the start of December.
InvestorsHub on MSN
Dow Jones, S&P, Nasdaq, futures, Oracle selloff poised to pressure Wall Street at the open
U.S. equity futures signaled a weaker start on Thursday, suggesting the market may surrender some of the gains logged in the previous session. A sharp premarket decline in Oracle (NYSE:ORCL) is set to drag on sentiment,
The S&P 500 and the Nasdaq opened lower on Thursday as fresh worries over Oracle's hefty AI spending plans overshadow optimism over a less hawkish tone from the Federal Reserve. At 09:30 a.m. ET, the Dow Jones Industrial Average was up 97.
Follow all the latest U.S. market action for Wednesday here to see if the Federal Reserve can ignite an end-of-year stock rally.
The Dow is up 1% and the S&P is up by 0.65% as Fed Chair Powell’s post-FOMC Q&A session continues. Published first on TheFly – the ultimate source