Dow Drops for Third Session: Investor Sentiment Improves, but Greed Index Remains in ‘Fear’ Zone
CNN Fear & Greed improved to 36 but stayed in Fear. Dow fell, S&P edged lower, Nasdaq rose; Oracle and TD SYNNEX slid.
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CNN Fear & Greed improved to 36 but stayed in Fear. Dow fell, S&P edged lower, Nasdaq rose; Oracle and TD SYNNEX slid.
Oracle stock fell 3.47% after issuing a force majeure notice for its Project Jupiter data center in New Mexico, citing construction delays and regulatory hurdles. The move signals challenges in data center development but is primarily a legal protection measure. Oracle's heavy debt load for AI infrastructure investments has raised concerns, with credit default swaps hitting record highs.
Dell Technologies is trading lower Thursday as reports of delays at Oracle’s Project Jupiter data center pressured AI infrastructure stocks.