By Karen Friar
Publication Date: 2025-12-17 21:54:00
U.S. stocks fell on Wednesday as investors weighed what the latest data means for Fed interest rate policy, with technology stocks under pressure as Oracle (ORCL) slipped.
The Nasdaq Composite (^IXIC) fell about 1.8% as the technology-driven selloff accelerated into the close. The S&P 500 (^GSPC) fell over 1% as technical weakness returned significantly. The Dow Jones Industrial Average (^DJI) lost around 0.5%, according to US stocks Tuesday’s meeting ended on a mixed note.
Concerns about AI trading rocked tech stocks again after a Financial Times report that Oracle’s $10 billion data center project has lost the support of private lender Blue Owl Capital. This comes amid scrutiny of the increasing use of debt and off-balance sheet measures to fund tech companies’ capital spending on AI infrastructure, although doubts remain about demand for the technology.
Oracle shares fell nearly 6%, followed by megacap tech stocks. Nvidia (NVDA) lost almost 4%, Broadcom (AVGO) fell over 4%, and Google (GOOG) was canceled…
