🔴 ORCL is trading 3.6% down today amid broader market weakness and tech sector pressure

ORCL is trading at $144.87 (-3.62%) in pre-market action, moving in tandem with broader market declines and tech sector pressure following a previous close of $150.31.

• No major company-specific news emerged overnight; the move aligns with broader market sentiment as S&P 500 futures drop 0.6% and NASDAQ futures fall 0.65%.
• The tech sector remains under pressure as investors continue to weigh capital expenditure concerns following recent earnings reports.
• The decline persists despite recent positive headlines regarding an extension of the Red Bull F1 partnership utilizing Oracle AI and cloud infrastructure.