US DJIA Declines by Over 300 Points; Tesla Rises 2%; Attention Turns to Oil Prices and Inflation

Market Performance: The US stock market showed mixed results, with the DJIA down 0.6%, the S&P 500 slightly dipping, and the Nasdaq gaining 19 points, amid news of the International Energy Agency's historic oil release and stable inflation data.

Retail Sales and Inflation: US retail sales for January increased to 3.2% year-over-year, while the inflation rate for February remained unchanged at 2.4%, aligning with market expectations.

Tesla and Apple Updates: Tesla reported a 91% year-over-year increase in sales of China-made electric vehicles, boosting its stock by 2.1%, while Apple's upcoming foldable-screen iPhone launch kept its stock nearly flat.

Oracle's Strong Performance: Oracle's stock surged 9% after exceeding earnings and revenue expectations for the third quarter and raising its revenue target for FY27.