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S&P 500 Slumps as Tech Sinks on Oracle AI Capex and Permit Concerns

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The Story

News Summary

  • Oracle shares fell 5.2% following a TD Cowen price target cut and legal delays on its flagship AI data center project.
  • The S&P 500 dropped 0.7% amid escalating geopolitical tensions, surging bond yields, and mounting investor anxiety over heavy tech AI capital expenditures.
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US500 price history

7619.98 +12.62% over the displayed period

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