Today, the S&P 500 is down by -0.34%, the Dow Jones is up by +0.59%, and the Nasdaq 100 is down by -0.89%. Oracle’s disappointing earnings fuel concerns about AI investment, leading to a broader market decline. Jobless claims hit a 3-month high, pushing bond yields lower. US Sep trade deficit shrinks unexpectedly to -$52.8 billion.

Q3 corporate earnings season sees 83% of S&P 500 companies beating forecasts with a +14.6% rise in earnings. Overseas stock markets are mixed, with the Euro Stoxx 50 up +0.52% and China’s Shanghai Composite down -0.70%. March 10-year T-notes are up by +14 ticks, prompting safe-haven buying. European government bond yields are lower.

Stocks like Oracle, CoreWeave, and Nebius Group NV are down due to disappointing earnings. Chip makers like ARM Holdings and Advanced Micro Devices are sliding. Cryptocurrency-exposed stocks, including Galaxy Digital Holdings and Riot Platforms, are under pressure. Oxford Industries and Lovesac Co see significant declines.

Stellantis NV drops over -3% after a downgrade, while Coherent falls over -2% after a block trade. Gemini Space Station rises over +6% on derivatives exchange approval. Ciena Corp is up more than +4% after strong Q4 revenue. Unity Software gains over +4% after an upgrade. Adobe leads gainers in the Nasdaq 100, and West Pharmaceutical Services and JB Hunt Transport Services also see positive movement.

Earnings reports for 12/11 include Broadcom Inc, Ciena Corp, Costco Wholesale Corp, Lululemon Athletica Inc, and RH. The author does not hold positions in any mentioned securities. The views expressed are the author’s and not necessarily those of Nasdaq, Inc.

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