U.S. stocks were little changed Tuesday, with the major indexes oscillating between small gains and losses as the end-of-year rally hit resistance ahead of tomorrow’s inflation data.
The Dow Jones Industrial Average and the S&P 500 each traded about 0.1% lower Tuesday afternoon, while the Nasdaq Composite was flat. The major indexes fell yesterday as investors pumped the brakes on the post-election rally that lifted the S&P and Nasdaq to record highs last Friday.
Oracle (ORCL) stock tumbled after the cloud-computing provider posted lower-than-expected adjusted quarterly earnings and revenue despite what CEO Safra Catz called “record level AI demand.” The stocks of cloud competitors Microsoft (MSFT) and Amazon (AMZN) were down slightly, while Meta (META) stock inched higher.
Taiwan Semiconductor Manufacturing Co. (TSM), the world’s largest contract chipmaker and a major supplier to Apple (AAPL) and Nvidia (NVDA), reported sales jumped 34% in November as AI demand remained strong. Though shares slid alongside other chip stocks like Nvidia, Broadcom (AVGO), and Micron (MU).
Alphabet (GOOG)(GOOGL) shares jumped after the company unveiled Willow, a quantum computing chip that it said can complete computations in less than five minutes that would take some of today’s fastest supercomputers 10 septillion years.
Treasury yields continued to rise after ticking up yesterday. The 10-year yield, which is sensitive to investors’ interest rate expectations, climbed to 4.22%. Bond investors are awaiting a key consumer inflation report, scheduled to be released tomorrow, that will be one of the last pieces of data Federal Reserve officials get before they make their final rate decision of the year on Dec. 18.
The price of Bitcoin (BTCUSD) slid below $96,000 after slipping yesterday. The cryptocurrency crossed $100,000 for the first time last week amid enthusiasm for the pro-crypto stance of President-elect Donald Trump and his incoming cabinet.
Oil futures advanced, while gold futures ticked higher to more than $2,710 an ounce.
What Analysts Had To Say After Oracle’s Results Underwhelmed Investors
38 minutes ago
Oracle (ORCL) shares tumbled after the cloud company’s fiscal second-quarter revenue fell short of Wall Street’s expectations, but analysts are mixed on what to make of its future.
Citi analysts said they’re “still not seeing meaningful upside to total cloud revenue” which grew 24% year-over-year to $5.9 billion, driving “muted estimate revisions.” The firm maintained a “neutral” rating but raised its price target to $194. That represents a nearly 10% premium after the Oracle stock dropped 8% to $176.80 intraday Monday.
Deutsche Bank holds a “buy” rating and $200 price target. Oracle delivered “very solid F2Q results that prompted a second look” thanks to both artificial intelligence (AI) and non-AI successes.
Oppenheimer, which maintained a “perform” rating, said Oracle’s results were “less impressive than recent quarters” but similarly cited “robust growth” in the company’s Oracle Cloud Infrastructure (OCI) division.
Shares of Oracle were down nearly 8% on Tuesday afternoon.
TSMC Stock Slips Despite Jump in November Sales, Strong AI Demand
1 hr 50 min ago
Taiwan Semiconductor Manufacturing Co. (TSM) posted a 34% year-over-year jump in November sales, showing that demand for its artificial intelligence (AI)-focused chips remains strong.
The company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), reported November sales of 276.06 billion New Taiwan dollars ($8.48 billion). Still, the sales numbers were down 12% from October’s figures.
However, revenue between January and November has jumped 32% year-over-year to NT$2.62 trillion.
The numbers come after TSMC in October projected a buoyant outlook, with Chief Executive Officer (CEO) C.C. Wei calling the demand for AI “real” in the third-quarter earnings call, according to a transcript provided by AlphaSense.
U.S.-listed shares of TSMC slid as much as 3% Tuesday afternoon, falling alongside other chip stocks. Still, even with Tuesday’s losses, shares have risen more than 85% so far this year.
EBay Stock Slides After Analysts Warn of Slowing Ad Revenue Growth
2 hr 27 min ago
Shares of eBay (EBAY) fell more than 3% after analysts at Jefferies downgraded the auction site Tuesday based on slowing advertising revenue growth.
The firm dropped eBay to “underperform” from “hold” and lowered its price target to $52 from $60. That’s an 18% discount even after the company’s stock slid 3% to $63.09 intraday Tuesday.
“We see decelerating advertising revenue combining [with] increased marketing investments for sluggish profit growth,” the analysts said.
Analysts added the company is “a key ecommerce player, but has been unable to deliver sustainable progress towards a core marketplace turnaround.”
Advertising growth dipped from 23% in the fourth quarter of 2023 to 7% in the third quarter of 2024. That’s due in part to eBay’s reliance on offsite promoted advertisements as opposed to core-onsite advertising, since the former requires eBay to pay for ad placement, Jefferies said.
Alaska Air Group Stock Soars on New Strategic Plan, Raised Outlook
3 hr 38 min ago
Shares of Alaska Air Group (ALK) soared 15% Tuesday morning after the Alaska Airlines parent unveiled its strategic plan aimed at creating $1 billion in incremental profit in three years. The carrier also boosted its guidance.
The plan, called “Alaska Accelerate,” comes following the September completion of its $1.9 billion purchase of Hawaiian Airlines.
Alaska Air said “Alaska Accelerate” is targeting profit margins of 11%-13% and earnings per share (EPS) to at least $10 by 2027. In addition, it raised estimated synergies from the Hawaiian Airlines deal to at least $500 million by 2027.
The airline also announced the launch of Seattle as its new “global gateway,” offering flights to Tokyo and Seoul on Hawaiian Airlines widebody planes starting in the spring, as well as a premium credit card.
The carrier reported that it had raised its current-quarter adjusted EPS outlook to a range of $0.40 to $0.50 from $0.20 to $0.40, primarily because of “stronger revenue performance and lower non-operating expense.” Alaska Air noted that “October and November close-in bookings were strong,” and November revenue was better than anticipated. It added that December revenue “is outperforming our previous expectation due to stronger holiday demand.”
TradingView
Alaska Air Group shares recently traded at $62.66, their highest level in more than three years.
Price Levels to Watch as Oracle Stock Slumps on Disappointing Earnings
4 hr 36 min ago
Oracle (ORCL) shares slumped Tuesday after the company reported fiscal second-quarter adjusted earnings below Wall Street expectations and issued weak guidance amid increasing competition among cloud services providers.
The AI narrative surrounding Oracle had helped propel its stock more than 80% higher since the start of the year as of Monday’s close, far outpacing the Nasdaq’s 31% return over the same period.
Since late June, Oracle shares have trended higher within a rising wedge, a chart pattern that indicates a potential downside reversal upon a breakdown.
More recently, the stock climbed to a new record high on Monday before staging a dramatic intraday reversal on above-average volume, closing lower for the day and forming a bearish dark cloud cover candlestick pattern in the process.
The stock gapped below the wedge’s lower trendline on Tuesday, potentially opening the door for follow-through earnings-related selling.
The first support level to watch sits around $177. This price point, currently situated just below the 50-day moving average (MA), could provide support near the upper range of a narrow consolidation period that formed on the chart throughout most of October.
Selling below this level may see the shares fall to the $165 level, a level that could attract buying interest near the trough of a minor pullback that took place in late September.
A decisive breakdown below that price sets the stage for a potential retest of lower support around $145. Bargain hunters could look for buying opportunities in this region near the closely watched 200-day MA and several peaks that emerged in June and July.
Stock Futures Mixed as Year-End Rally Stumbles
5 hr 32 min ago
Futures contracts connected to the Dow Jones Industrial Average were down 0.2% in premarket trading on Tuesday.
S&P 500 futures were flat.
Nasdaq 100 futures were up about 0.1%.
![i’m-nervous,-too!-[part-2]](https://10xwealthreport.com/wp-content/uploads/2026/03/177042-im-nervous-too-part-2-1568x784.jpg)
