The stock market has opened lower, primarily driven by President Trump's threat of unilateral tariffs, affecting all major indices like the Nasdaq, S&P 500, and Dow Jones. However, Oracle has bucked the trend, soaring 11% after reporting better-than-expected quarterly earnings and optimistic revenue guidance. The market is facing pressure overall, especially with Boeing's stock falling significantly after a tragic air crash incident. On the economic side, wholesale inflation data reflects a weaker increase than expected, potentially influencing future Federal Reserve interest rate decisions.
Stocks are showing a downward trend following President Trump's threats of unilateral tariffs, which have impacted market sentiment across major indices.
Despite market declines, Oracle's stock has surged by 11% due to exceeding earnings expectations and promising future revenue guidance, reflecting strong company performance.
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