Stock Market Update

[BRIEFING.COM] The major averages are back near session lows with just half an hour left in today’s session.

Investors have several notable events to look forward to after today's close and before tomorrow's open. Oracle (ORCL 153.88, -7.75, -4.79%) is the largest company reporting earnings this week, with its results due after the close today. The company faces elevated expectations surrounding its rapidly expanding AI infrastructure business and massive data center buildout. Shares sold off following last quarter's report as Q1 revenue guidance was only in line with expectations, Oracle reaffirmed rather than raised its FY27 revenue outlook, and management warned of another step down in gross margin. Tonight, investors will be looking for continued cloud acceleration as new capacity comes online, along with signs that the company's heavy infrastructure investment is progressing as planned.

Additionally, the market will receive the August CPI report (Briefing.com consensus 0.4%) tomorrow morning, which many investors view as the ultimate deciding factor in whether the Fed will raise rates or remain on hold at next week's FOMC meeting.