Dow Reaches New Heights as Fed Rate Cut and Oracle Earnings Miss Drive Transition from Tech to Value Stocks

Market Performance: The S&P 500 is slightly up, while the Dow Jones is at an all-time high and the Nasdaq 100 has fallen to a one-week low, influenced by Oracle's disappointing earnings and rising jobless claims.

Oracle's Impact: Oracle's shares dropped over 12% after reporting lower-than-expected Q2 cloud sales and increasing its capital spending outlook, raising concerns about tech valuations and AI investments.

Economic Indicators: Weekly jobless claims rose to a three-month high, indicating a weaker labor market, while the US trade deficit unexpectedly shrank, suggesting some economic resilience.

Stock Movements: Fertilizer stocks gained due to geopolitical tensions, while several tech and cryptocurrency-related stocks fell sharply, reflecting broader market volatility and investor caution.