Markets Split as Fed’s Third Cut Collides With Oracle-Led Tech Selloff

Overview

• The Dow advances while the S&P 500 and Nasdaq fall as traders weigh monetary easing against tech-sector losses.
• Oracle drops about 14.6% after disappointing earnings and elevated AI capital‑spending plans, pressuring Nvidia and Intel.
• U.S. initial jobless claims rise to 236,000, topping both last week’s 192,000 reading and the 223,000 consensus.
• European shares attempt a recovery, with the Stoxx 600 up roughly 0.18% shortly after the open.
• The Swiss National Bank holds its key rate at zero but signals openness to further cuts, and Naturgy slides about 5.4% after a €1.7 billion stake sale by BlackRock’s Global Infrastructure Partners.