Wall Street extends losses as oil and yields climb
U.S. stocks declined for a fourth straight day on Thursday. The S&P 500 fell below a support level, while U.S. crude oil prices rose above $100 a barrel and Treasury yields reached new long-term highs. The session marked another day of pressure across major equity benchmarks.[S1]
After the close, Dow Jones futures, S&P 500 futures and Nasdaq futures all traded slightly higher. Attention turned to earnings and the upcoming consumer price index, which is scheduled for release.[S1]
Oracle beats estimates as cloud growth accelerates
Oracle reported fiscal first-quarter results after Thursday's close that exceeded analyst expectations. The company's cloud infrastructure growth accelerated, and the stock jumped in late trading following the release.[S1]
Understand this article deeper
Adobe also reported earnings after the close, sharing the spotlight with Oracle. Investors are weighing these results alongside the broader market decline and the inflation data due next.[S1]
