A slow down? After three days of going up, Oracle is flat today, hovering around $89.53.

Published: January 25 2023, 20:15 GMT+0

A slow down? After three days of going up, Oracle is flat today, hovering around $89.53.

The enterprise IT company ended yesterday at $89.7 and dropped 0.2% today as it reaches the end of the current session.

This uncertain state for Oracle is reflected by published market data as following a previous reading of 8.41 million, Crude Oil Inventories in United States released today at 15:30 UTC fell short of the 971,000 figure expected by analysts with an actual reading of 533,000. United States 5-Year Note Auction released today at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released today at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

Meanwhile, mixed performances are seen in other technology stocks as after closing the previous session (yesterday) at $94.56, TSM lost $1.81 and is trading around $92.75. ASML Holding is up 1.65% to $681.06. After closing the previous session (yesterday) at $177.04, Texas Instruments lost $2.54 and is trading around $174.5.

Moreover, United States Core Durable Goods Orders projected to come out at -0.2% — worse than previous data of 0.1%; data will be released tomorrow at 13:30 UTC. United States GDP projected to decline to 2.6 while previous data was 3.2; data will be released tomorrow at 13:30 UTC. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 205,000 from the preceding figure of 190,000.

The stock has been trending positively for about 3 months. This year has been a bright one for the enterprise IT company after trading as low as $61.07 and going on to appreciate by 7.14% year to date.

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