Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street weighs jobs data signals, Oracle sinks
OracleOracle(US:ORCL) Yahoo Finance·2025-12-16 23:51

Group 1: Market Overview - US stocks experienced a broad rise, with the S&P 500 and Nasdaq 100 increasing nearly 0.2%, and the Dow Jones Industrial Average adding 0.3% [1] - The rise comes after a mixed performance in the previous session, indicating a potential recovery from recent slumps [1] Group 2: Company-Specific News - Oracle's stock declined after reports that Blue Owl Capital will not support a $10 billion deal for its next data center, raising concerns about the use of debt in funding tech capital expenditures [2] - Micron Technology's upcoming quarterly results are anticipated to provide insights into demand for AI semiconductors, as the company supplies chips for Nvidia's server systems [2] - Tesla's stock has positively influenced the tech sector, achieving its first record close in about a year, driven by investor enthusiasm regarding its robotaxi ambitions [6] - Netflix's stock rose after Warner Bros. Discovery's board urged shareholders to reject a rival bid from Paramount Skydance, raising questions about funding guarantees [6] Group 3: Economic Indicators - The November jobs report revealed a larger-than-expected increase in jobs alongside the highest unemployment rate since 2021, creating uncertainty about future interest rate paths [4] - Federal Reserve officials, including Chris Waller, indicated that there is still room to cut rates, suggesting a potential reduction of "50 to 100 basis points" [5]

Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street weighs jobs data signals, Oracle sinks - Reportify