Stock Market Update

[BRIEFING.COM] The early weakness turned into a dip-buying opportunity, and market participants took advantage of it.

The S&P 500 and Nasdaq Composite have escaped from negative territory, powered in part by the huge gain in Oracle (ORCL 199.54, +23.16, +13.13%) following its earnings report and impressive outlook that called for more than 70% growth in FY26 cloud infrastructure revenue. Oracle founder Larry Ellison added that demand right now seems almost insatiable and that he has never seen anything remotely like it, according to CNBC.

The indices now have a mixed disposition, although that belies a negative posture in market internals, which favor decliners at the NYSE and Nasdaq. The Russell 2000, for its part, is down 0.7%, and the equal-weighted S&P 500 is flat.