Stock Market Update
22-Sep-25 12:00 ET
Oracle trades higher on TikTok deal, executive changes
Dow +23.78
at 46338.84,
Nasdaq +56.97
at 22688.45,
S&P +8.59
at 6672.94
[BRIEFING.COM] The major averages hold on to their modest gains as the session approaches midday.
CNBC reports that President Trump is expected to finalize a deal to bring TikTok under U.S. control later this week, with Oracle (ORCL 319.04, +10.38, +3.36%) set to helm security operations.
Oracle also made headlines today by shaking up its executive ranks to double down on AI and cloud growth. Longtime CEO Safra Catz will transition to Executive Vice Chair, while the company reinstates a co-CEO structure—signaling a bold strategic shift toward hyperscale cloud and AI infrastructure.
Clay Magouyrk, promoted from President of Oracle Cloud Infrastructure (OCI), and Mike Sicilia, former President of Oracle Industries, will serve as co-CEOs.
