Overview
The U.S. stock market closed lower today due to concerns about Oracle's cloud business profitability and the potential long-term impact of a government shutdown.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
- Oracle's cloud business margins reported to be lower than expected, impacting tech stocks.
- Tesla's stock fell over 4% despite new vehicle launches.
- Nvidia increased by 3.5% amid strong AI server demand.
- Prolonged U.S. government shutdown fears are causing economic uncertainty.
- Experts warn of potential market correction despite recent investor optimism.
Tomorrow's Economic Indicators
| Announcement Time | Description |
|---|---|
| 20:00 | U.S. MBA Mortgage Applications |
| 23:30 | U.S. EIA Crude Oil Stocks Change |
| 02:00 | U.S. 10-Year Note Auction |
| 22:20 | Federal Reserve Vice Chairman Speech |
| 22:30 | Federal Reserve Member Speech |
| 15:15 | Federal Reserve Chairman Speech |
General Opinion
Concerns over Oracle's cloud business profitability are weighing on tech stocks, while the potential for a prolonged U.S. government shutdown adds to economic uncertainty. These factors are deepening the market's downward trend. Experts suggest a cautious approach, highlighting possible market corrections, yet remain optimistic about longer-term opportunities backed by solid fundamentals. Investors are closely watching Federal Reserve statements for further guidance.
Tags:
daily stock summary
