Investors are closely monitoring upcoming U.S. inflation data, and the major U.S. stock indices showed mixed performance. The S&P 500 opened slightly higher, while the Dow Jones dipped by 110 points, extending its early losses. The Nasdaq saw an early rise.
Oracle (ORCL, Financial) announced second-quarter earnings that fell short of expectations, and its shares dropped over 8% despite growing AI cloud infrastructure revenue. In contrast, Google's parent company Alphabet (GOOG) rose 5% following a breakthrough in its quantum computing chip, Willow.
NVIDIA (NVDA) gained more than 1%, while Tesla (TSLA) climbed nearly 3%. Apple (AAPL) remained stable. Chinese stocks listed in the U.S. experienced declines, with Pinduoduo (PDD), Alibaba (BABA), JD.com (JD), and NIO (NIO) all falling significantly.
