Oracle Corp. Stock Sheds 4.6%, Underperforms Peers

Dow Jones2026/10/16 20:35

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This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Oracle Corp. slid 4.6% to $128.23 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.1% to 7,659.44 and Dow Jones Industrial Average falling 0.3% to 52,002.41.

Oracle Corp. closed 60.2% below its 52-week high of $322.54, which the company achieved on October 16th.

The stock underperformed when compared to some of its peers, as Microsoft Corp. fell 1.9% to $529.05, Alphabet Inc. Cl C fell 2.3% to $336.91, and Alphabet Inc. Cl A fell 2.47% to $340.59.

Trading volume totaled 34.8 million, compared to the 50-day average of 29.1 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 16, 2026 16:35 ET (20:35 GMT)

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A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46