Oracle shares extend gains, up 12%
Oracle shares are up 12% following a plan to limit spending.
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Oracle shares are up 12% following a plan to limit spending.
Oct 15 (Reuters) — Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8,727.90 −56.00 NZX 50** 13,760.39 10.79 DJIA 51,621.48 −48.62 NIKKEI** 67,744.29 −33.23 Nasdaq 26,692.87 −511.51 FTSE** 10,724.86 74.53 S&P 500 7,718.94 −86.51 Hang Seng** 24,314.17 −31.05 SPI 200 Fut 8,724.0 -63.5 STI** 5,423.33 -7.17 SSEC
SoftBank reported a 1.8 trillion yen investment gain and net income of 347 billion yen for the quarter. Executives discussed AI infrastructure investments, including plans for a 5-gigawatt data center in France.
The Nasdaq composite fell 1.3% in a mixed session as AI-related shares slid after reports of lower-than-expected OpenAI revenue. Oil prices rose after President Donald Trump's remarks on the Middle East war, while Federal Reserve Gov. Christopher Waller said additional rate hikes may be needed.
Reuters roundup of notable U.S. stock movers included Fair Isaac down 25.7%, while Staar Surgical and Plug Power were among gainers. The S&P 500 was down 0.31% at 7,660.06 at 1330 EDT.
The S&P 500 was flat on Tuesday, with AI-related gains offset by higher government bond yields. Reuters also highlighted several individual stock moves, including Snowflake, Cboe, Oracle and Carnival.
Bitcoin (CRYPTO: BTC) punched through $80,000 on Friday, driving a rally in crypto equities even as broader markets stalled under rising bond yields. Kansas City Fed President Jeffrey Schmid delivered a hawkish signal, defending rate hikes against sticky, broad-based inflation above 3%. Bond yields spiked in response
U.S. stocks rebounded sharply as crude oil fell from its geopolitical spike and Treasury yields eased below 5%. The Nasdaq 100 led gains, while the Dow lagged and the VIX cooled.
U.S. stocks rose after four straight losses as crude oil retreated below $100 a barrel, while technology shares led gains. Dell jumped 11.3% and Hewlett Packard Enterprise rose 9.1% on the AI infrastructure read-through from Oracle’s capex outlook.
Oracle, Adobe, RH, Copart and GameStop all posted quarterly results or deal updates, with Oracle and Adobe topping revenue and EPS estimates and both RH and Copart seeing after-hours gains. Copart also announced a tender offer to buy ACV Auctions for $10.50 per share in cash, while GameStop said it retired about $1.4 b