The Fed cuts rates but Oracle’s earnings disappoint
Yesterday’s session saw major indexes rally initially on the Federal Reserve’s 25-basis-point rate cut (bringing the fed funds rate to 3.75%-4%), but gains evaporated in after-hours trading due to disappointing results from Oracle Corp., which highlighted concerns over AI infrastructure spending and profitability. This has reignited fears about overvaluation in high-flying tech stocks, leading to […]
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