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News  ›  Benzinga

Dow Jones Hits Record Highs, Oracle Sinks On AI Concerns: What's Moving Markets Thursday?

Benzinga Logo Benzinga By Piero Cingari
Dow Jones Hits Record Highs, Oracle Sinks On AI Concerns: What's Moving Markets Thursday?

The Dow Jones Industrial Average reached new record highs as investors shifted from tech stocks to industrials and financials. Oracle's stock dropped significantly after earnings and AI investment concerns, while broader markets remained stable following the Federal Reserve's interest rate cut.

Insights
PYPL   positive

Low forward P/E ratio, integration with ChatGPT, 5% revenue growth, 25% net income increase, and emerging payment technology opportunities


ORCL   negative

Stock sank 12% due to earnings and guidance disappointing Wall Street, with concerns about heavy AI investments potentially taking longer to generate returns