Oracle slump weighs on stocks despite lower yields
U.S. stocks were mixed Thursday as Oracle fell about 14.5% after revenue growth missed expectations and investors questioned its heavy AI spending, dragging the S&P 500 down 0.4% by 9:35 a.m. ET while the Dow rose 233 points and the Nasdaq fell 0.7%. Treasury yields eased after weekly jobless claims rose, with the 10‑year at 4.10%, while Nvidia slipped 2.8% and Disney gained 2.1% on its three‑year OpenAI content deal and $1 billion investment.
📌 Key Facts
- Oracle shares −14.5% after revenue growth missed and AI spending concerns; Larry Ellison touts 'chip neutrality.'
- Indexes at 9:35 a.m. ET: S&P 500 −0.4%, Dow +233, Nasdaq −0.7%; 10‑year Treasury yield down to 4.10%.
- Weekly U.S. jobless claims rose more than expected, contributing to lower yields; Nvidia −2.8%, Disney +2.1% on OpenAI pact.
📊 Relevant Data
In August 2025, the US unemployment rate was 4.3% overall, 3.7% for White workers, 7.5% for Black workers, 3.7% for Asian workers, and 5.3% for Hispanic workers.
Job Losses Hit Black, Asian, and Hispanic Workers Hard, Raising Concerns for All Americans — Investopedia
As of 2024, the US population is composed of 57.5% non-Hispanic White, 12.6% Black, 20% Hispanic, 6.7% Asian American, 2.5% two or more races, and 0.7% American Indian and Alaska Native.
Growing diverse and immigrant populations drove the nation’s post-pandemic demographic rebound, new census data show — Brookings Institution
The global artificial intelligence market was valued at $390.91 billion in 2025 and is projected to reach $3,497.26 billion by 2033, growing at a CAGR of 30.6% from 2026 to 2033.
Artificial Intelligence Market Size | Industry Report, 2033 — Grand View Research
Oracle expects capital expenditures of about $50 billion in its fiscal year ending May 2026, an increase of $15 billion from prior estimates, primarily for AI-related investments.
Oracle Slides by Most Since January on Mounting AI Spending — Yahoo Finance
US initial jobless claims rose to 236,000 in the week ending December 6, 2025, an increase of 44,000 from the previous week.
US weekly jobless claims post largest increase in nearly 4-1/2 years — Reuters