Yesterday at a glance: the enterprise IT company hovered around the $86.69 level after closing Tuesday at $87.74 and shedding 1.2%, as it reached reached yesterday's session close.
United States Crude Oil Inventories fell short of the 2.46 million projections, with new data of 2.42 million.
Amid the market gloom, United States 10-Year Note Auction released yesterday at 18:01 UTC with a figure of 3.613, while the previous figure was 3.575. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 1 million, while the previous figure was 2.31 million.
Oracle was not the only decliner in the technology sector; Texas Instruments went down to $176.5, losing 3.81% after it closed at $183.49 yesterday. Qualcomm falls 3.26% yesterday to close at $136.63. Intel falls 2.79% yesterday to close at $29.05.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as projections for United States Initial Jobless Claims are set for a continuation of decline with 190,000 while previous data was 183,000; data will be released today at 13:30 UTC.
The stock has been trending positively for about 4 months. Having soared to a high of $90.05 approximately 8 days ago, the enterprise IT company is now trading 2.57% lower.