S&P 500, Nasdaq opens lower on Oracle AI spending jitters

The S&P 500 and the Nasdaq opened lower on Thursday as fresh worries over Oracle's hefty AI spending plans overshadow optimism over a less hawkish tone from the Federal Reserve.

At 09:30 a.m. ET, the Dow Jones Industrial Average was up 97.04 points, or 0.21 percent, to 48,157.04, the S&P 500 lost 29.36 points, or 0.42 percent, to 6,857.45 and the Nasdaq Composite lost 171.04 points, or 0.71 percent, to 23,485.26.

Reuters