Stock market today: Wall Street drifts as Oracle soars and banks and oil slump
U.S. stocks drifted to a mixed close following several weeks of sharp swings
NEW YORK (AP) — U.S. stocks drifted to a mixed finish on Tuesday following several weeks of sharp swings.
The S&P 500 rose 0.4% to pull within 3% of its record set in July. It flipped between small gains and losses through the day, but the moves were nothing like its careens since the summer, driven by worries about the slowing U.S. economy and whether coming cuts to interest rates will keep it out of a possible recession.
The Dow Jones Industrial Average fell 92 points, or 0.2%, and the Nasdaq composite rose 0.8%.
Oracle jumped 11.4% to an all-time high and helped lead the market after delivering better profit and revenue for the latest quarter than analysts expected. Gains for several influential Big Tech stocks also helped drive indexes, including rises of 2.1% for Microsoft and 2.4% for Amazon.
