Traders worked on the floor of the New York Stock Exchange (NYSE) on June 18, 2025.
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Stocks fell again on Thursday, falling into a further correction. Oracle and Nvidiaand the increase in the rate.
this S&P 500 0.8%, while Nasdaq Composite Materials Loss of 1.2%. this Dow Jones Industrial Average Release 171 points, or 0.4%.
Oracle and Nvidia There were more losses seen on the listing, down nearly 6% and about 2% respectively. With questions about the state of the AI trade, the two are expected to fall for the third consecutive day. After some recent deals, market actions seem to reflect concerns about the cycle relationship between record valuations and potential risks in the AI industry.
During Wednesday's lockdown, Oracle led the latest bull market, more than 10% from its recent high. Thursday's decline was driven in part by a sell rating released by Rothschild Redburn in a new report, which predicted a 40% pullback as “market-to-market estimates are overestimated” Oracle's recent AI deals will boost the company's core cloud business.
Increased returns on sales of technology stocks have led to some risk reduction for investors. After the initial claims data for unemployment insurance, the fiscal yield over 10 years is close to 4.19%.
The Labor Department said Thursday that the first unemployment benefits were offered for the week ending September 20 at 218,000. That's below the 235,000 estimates surveyed by Dow Jones of economists, 14,000 fewer initial unemployment claims revised during the previous period, which also alleviated the brief peak of the previous week.
Stable jobs figures and a strong increase in GDP in the second quarter, from 3.3% to 3.8%, could mean the Fed is hesitant before lowering rates again, undermining the Bulls’ key catalyst.
Investors are also cautious before the price index of personal consumption expenditure expires on Friday and are monitoring progress in the government closure. NBC News said if the government shuts down, it could mean a large-scale shooting by the federal government, as the Office of Management and Budget said in a memorandum that agencies should prepare a “reduce force” plan.