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via finance.yahoo.comMarkets

Stephens Upgrades Oracle as US Stocks Edge Lower on Hot Inflation and Fed Hike Bets

FROM THE WIRE · FINANCE.YAHOO.COM

We just published a list of the 10 Stocks With Insane Upside According to Reddit and Oracle (NYSE:ORCL) ranked 10th on this list. US stocks edged lower Thursday, snapping a rebound that had lifted the S&P 500 1.3% a day earlier. The S&P 500 fell 0.35% to 7,592.40, the Dow Jones…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishFed rate hike expectations and rising yields weigh on US stocks, while Oracle receives an upgrade.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The S&P 500 fell 0.35% to 7,592.40 and the Nasdaq Composite lost 0.39%.
  2. 02Hotter-than-expected inflation data convinced traders the Fed will raise rates next month.
  3. 03Bond yields rose while traders weighed higher oil prices.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Oracle CorporationORCLStock125.35 USDMarket closedtoday -1.38%Positive S&P 500INDEX:SP500Index7,560.97Market closedtoday -0.41%Negative Dow Jones Industrial AverageINDEX:DJIIndex52,347.55Awaiting tradestoday +0.10%Negative NASDAQ CompositeINDEX:IXICIndex25,138.73Market closedtoday -0.90%Negative Crude Oil WTICOMMODITY:WTICommodity88.95 USDMarket closedtoday +0.24%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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