S&P 500 futures are up 0.1% with Nasdaq futures doing slightly better.
One drag is Oracle, which is down 7.5% in the pre-market after earnings
and revenue that missed estimates. Oracle also issued
guidance for the current quarter, calling for revenue growth of 7% to 9%
and adjusted earnings of $1.50 to $1.54 per share.
Yesterday’s price action saw some profit taking in the highest-flying stocks. Is that a sign of a crack in the market or a healthy correction? Today’s market moves will tell us more.
This article was written by Adam Button at www.forexlive.com.
