Part 6/7:
The technology sector showed mixed results with companies like Oracle and MongoDB announcing their quarterly earnings. Oracle’s results missed expectations leading to a drop in their stock price. In contrast, C3.ai presented a robust performance, leading to significant gains in after-hours trading.
Conclusions and Future Outlook
In the closing minutes of trading, a general downdraft across major indices suggested a subdued market sentiment heading into a critical week filled with inflation data releases and earnings announcements. The market will be closely watching these reports as they could dictate future buying trends and potentially lead to a shift in investor sentiment.