Stock Market Drops, Tech Sector Pressured

US stocks experienced a downturn on Wednesday, with the tech sector facing significant pressure, particularly Oracles stock price. The Nasdaq Composite and S&P 500 fell, while the Dow Jones Industrial Average lost a small percentage. This market movement comes as investors digest the November jobs report and anticipate Thursdays consumer inflation update. Federal Reserve Governor Chris Waller suggested a potential rate cut, while another policymaker, John Williams, offered more perspectives. Oracles AI investment concerns, including a $10 billion data center project loss, impacted tech stocks. Micron Technologys quarterly results and Netflixs stock rise were also notable.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.