Stock market today: Dow gains while Nasdaq, S&P 500 slide as Oracle earnings revive AI spending fears

Group 1 - US stocks showed mixed performance at market open, with Oracle's earnings causing pressure on tech stocks due to renewed AI spending concerns [1][2] - The Nasdaq Composite and S&P 500 fell by 0.7% and 0.4% respectively, while the Dow Jones Industrial Average gained approximately 0.3% [1] - Oracle's earnings report revealed a miss on cloud sales and an increase in data center spending by $15 billion, leading to a 15% drop in its shares [2] Group 2 - The Federal Reserve's recent interest rate cut has led to a rally in the market, with policymakers indicating a gradual easing path ahead [3] - Fed Chair Jerome Powell suggested that a rate hike is unlikely for January, emphasizing the strength of the US economy [3][4] - Jobless claims rose significantly to 236,000, marking the largest increase since 2020, with the next labor market signal expected from the delayed November jobs report [5] Group 3 - The US trade deficit unexpectedly narrowed to its smallest level in over five years, driven by a surge in exports, which may indicate a boost to the economy [6] - Upcoming earnings reports from companies such as Broadcom, Costco, and Lululemon are anticipated [6]