Oracle(US:ORCL) Youtube·2026-03-10 20:31Market Overview - The trading day ended with major indices mostly unchanged, with the Dow Jones Industrial Average down about 34 points (less than 0.1%), the S&P 500 down about 14 points (0.2%), and the Nasdaq composite slightly up by about 1 point [7][8]. - The overall market sentiment was negative, with 356 S&P 500 names losing ground compared to 147 gaining [8]. Sector Performance - Only two sectors were in the green, while nine sectors were in the red, mirroring the previous day's performance [9]. - Communication services rose by about 0.3%, while energy fell by about 1.3% [9]. Notable Gainers - Vertex Pharmaceuticals saw a significant increase of over 8%, attributed to positive late-stage trial results for a kidney disorder drug, which could potentially generate about $5 billion in sales if approved [10][11]. - Sienna, a communications equipment company, gained about 6% following analysts raising price targets by an average of 24% after its earnings report [12][13]. - Rivian's stock rose more than 4% after an upgrade from TD Cowan, with a new price target set at $20 [14]. Notable Decliners - Boeing's shares dropped more than 3% due to a wiring flaw found on its 737 Max, which will delay some deliveries [15][16]. - West Pharmaceutical Services experienced a decline of more than 5% after announcing the retirement of its long-term CEO [17]. - Centene's shares fell about 16% after the company projected a 35% decline in ACA marketplace enrollment due to expired federal subsidies [18]. Oracle Earnings - Oracle reported adjusted revenue of approximately $17.19 billion, exceeding estimates of $16.89 billion, with cloud revenue up 44% to $8.9 billion [21][22]. - The company raised its total revenue guidance to about $90 billion, which is higher than previous expectations [27][30]. - Oracle's stock rose about 7% in after-hours trading following the earnings report, indicating positive investor sentiment [30].