Stock Market Today: Oracle Credit Controversy Causes Tech Selloff, Sending Nasdaq and S&P 500 Spiraling

Market Overview - U.S. markets opened with modest gains, with the Russell 2000 up 0.57%, reversing a previous decline of 0.45% [2] - Large-cap indices also showed positive movement, with the Dow up 0.36%, while the S&P 500 and Nasdaq saw smaller increases of 0.12% and 0.09% respectively [2] Sector Performance - The S&P Energy sector experienced a significant decline of 3% due to domestic oil prices nearing a four-year low, with WTI Crude trading at $56, up 1.5% [3] - Recovery was noted in several sectors, with financials and materials both increasing by over 0.5% [4] - Natural Gas futures rose by 2.96% to $4.001, and Brent Crude increased by 1.46% to $59.78 [4] - Precious metals continued to perform well, with Silver up 3.75% to $65.675 and Gold up 0.81% to $4,367 [4] Earnings Reports - Companies with a market cap of at least $1 billion, including Micron, JBS, and General Mills, are scheduled to report earnings today [6] Economic Data - The day is expected to be relatively calm compared to the previous day, which included the release of overdue payroll data [7]