Dec 11 (Reuters) – The S&P 500 and the Nasdaq opened lower on Thursday as fresh worries over Oracle’s hefty AI spending plans overshadow optimism over a less hawkish tone from the Federal Reserve. At 09:30 a.m. ET, the Dow Jones Industrial Average was up 97.04 points, or 0.21%, to 48,157.04, the S&P 500 lost […]
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S&P 500, Nasdaq opens lower on Oracle AI spending jitters
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Dec 11 (Reuters) – The S&P 500 and the Nasdaq opened lower on Thursday as fresh worries over Oracle’s hefty AI spending plans overshadow optimism over a less hawkish tone from the Federal Reserve.
At 09:30 a.m. ET, the Dow Jones Industrial Average was up 97.04 points, or 0.21%, to 48,157.04, the S&P 500 lost 29.36 points, or 0.42%, to 6,857.45 and the Nasdaq Composite lost 171.04 points, or 0.71%, to 23,485.26.
(Reporting by Pranav Kashyap in Bangalore; Editing by Tasim Zahid)