By Anthony Lee
Publication Date: 2026-01-08 16:41:00
Shares of enterprise software giant Oracle (NYSE:ORCL) fell 2.2% in the morning after a broader market rotation out of the technology sector led to profit-taking following a recent rally.
The move was part of a broader trend that saw high-growth technology stocks fall, with the Nasdaq posting the steepest fall among major indexes. Multiple reports suggested that traders were taking profits, particularly from artificial intelligence trading, which had previously seen a strong upswing. This market move represented a shift in investor focus as money moved out of the technology sector.
Defense stocks emerged as a major beneficiary of this capital shift, surging after President Trump proposed a massive $1.5 trillion defense budget for 2027. Large contractors rallied on the news, with Northrop Grumman rising over 10% and Lockheed Martin rising nearly 8%, counterbalancing the tech slump that stagnated the S&P 500. The rotation into heavy industry…