S&P and Nasdaq futures fell Wednesday night as Oracle’s results reignited fears about high-flying tech stocks even after the Federal Reserve’s latest interest rate cut gave a boost to U.S. equity markets in the prior session.
Futures tied to the Dow Jones Industrial Average added 43 points, or 0.1%. S&P futures slipped about 0.1%, while Nasdaq 100 futures fell more than 2%.
In after-hours trading, Oracle
shares tumbled 11% after the cloud computing company posted disappointing quarterly revenue and raised its spending forecast. The report added more fuel to the debate about how quickly tech companies will be able to see returns on their AI investments. Other AI plays were also trading lower in extended trading, including Nvidia
, which was down 1%, and CoreWeave
