Stock Market Update

[BRIEFING.COM] The S&P 500 (-1.5%), Nasdaq Composite (-2.0%), and DJIA (-1.7%) remain near session lows as the market enters the final half hour of the session.

Investors have a notable earnings release coming from Oracle (ORCL 203.35, -2.46, -1.20%) after the close, with the stock facing elevated expectations following a strong Q3 report and increasingly bullish commentary around AI infrastructure, multi-cloud database growth, and FY27 revenue visibility.

Oracle's Q3 report showed a sharp acceleration in AI-related demand, combined with the enormous $553 billion RPO backlog, providing tangible evidence that Oracle's aggressive AI infrastructure investments are translating into long-term contracted revenue. The $90 billion FY27 revenue target was particularly encouraging and is helping calm concerns that AI spending across the industry may take longer to monetize. Still, questions remain about the sustainability of Oracle's elevated capital spending. While the company reaffirmed FY26 CapEx at $50 billion, investors will be closely watching for FY27 guidance when Oracle reports Q4 results tonight.