The US stock market opened with mixed emotions on Thursday, as investors were concerned about Oracle's artificial intelligence (AI) spending plans, which overshadowed the US Fed's rate cut momentum. According to MarketWatch data, Oracle stock dropped over 16% to hit its intraday low level at $186.23 during the US stock market session on Thursday, after the company reported lower-than-expected quarterly revenue in its financial results.
Analyst Jacob Bourne from Emarketer told Bloomberg that Oracle faces scrutiny over its debt-fueled data centre build-out and concentration risk amid questions over the outcome of AI spending uncertainty. Investors are now looking towards seeing Oracle turn its higher spending on infrastructure into revenue as quickly as it has promised.
The US Federal Reserve cut the key interest rates of the US economy by 25 basis points to 3.50%-3.75% amid elevated US inflation on Wednesday, 10 December 2025.
At 09:30 a.m. (EDT) opening bell, the Dow Jones Industrial Average rose 0.21% to 48,157.04 points, compared to 48,057.75 points at the previous US stock market close. The benchmark index is trading 0.45% higher at 48,276.26 points as of 10:06 a.m. (EDT). Top gainers included Visa Inc., Home Depot Inc., 3M Co., and Goldman Sachs Group Inc.. On the other hand, McDonald's Corp., Caterpillar Inc., and Chevron Corp. were among the losers.
The S&P 500 dropped 0.42% to open at 6,857.45 points on Thursday's trading session, compared to 6,886.68 points at the previous market close. Top gainers included Mosaic Co., Royal Caribbean Group, and Centene Corp., while Oracle Corp., Robinhood Markets Inc., and Nvidia Corp. were among the top laggards.
The Nasdaq Composite fell 0.71% to 23,485.26 points on 11 December 2025, compared to 23,654.16 points at the previous market close. Top gainers included Black Titan Corp., SMX (Security Matters), and PetMed Express Inc., while Rezolute Inc., Smart Digital Group Ltd, and C3is Inc. were among the losers.
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