US Stocks Mixed as Wall Street Watches Rate Hike Prospects and Oracle Declines
TL;DR Summary
The stock market declined with the Dow turning lower and the Nasdaq dropping further, amid pressure on tech stocks like Oracle and Tesla. Oracle's shares fell over 4% following reports of stalled financing for its data center project, contributing to a broader tech sell-off. Meanwhile, the market is awaiting key economic data, including retail sales and inflation reports, with some optimism about potential rate cuts due to labor market weakness.
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