In the early session of the US stock market, the Dow Jones Industrial Average rose by 300 points, while the underperforming Oracle plummeted by 16%, leading to a decline of over 1% in the Nasdaq. AI stocks were also under pressure

AASTOCKS
2025.12.11 14:37

The market digests the Federal Reserve's latest interest rate cut decision, with mixed performance in US stocks on Thursday. The Dow opened up 25 points at 48,082, and during the early session, the gain expanded to about 300 points or 0.6%. Weighed down by the poor performance of Oracle (ORCL.US), AI stocks faced pressure, with the Nasdaq opening down 144 points or 0.6% at 23,509, and the early decline expanding to about 330 points or 1.4%. The S&P 500 index opened down 25 points or 0.4% at 6,861.

Oracle's revenue for the last fiscal quarter grew 14%, falling short of expectations, and its stock price plunged by as much as 16%, resulting in a market value loss of about $100 billion. Other AI stocks were also sold off, with NVIDIA (NVDA.US) down over 3% and AMD (AMD.US) down 4%. Adobe (ADBE.US) rose 2% against the trend after its earnings report.

Large tech stocks weakened, with Apple (AAPL.US) and Alphabet (GOOG.US) down over 1%, and Tesla (TSLA.US) down 2%

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