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NEW YORK— Stocks are falling for the second day in a row as traders try to guess when U.S. interest rates will rise. Oracle rose 4 percent after reporting that its software and cloud businesses gained strength in its fiscal third quarter. Oil dropped $1.04 to $42.43 a barrel.
U.S. stock index futures indicated a lower open on Wednesday ahead of the hotly anticipated statement from the Federal Reserve.
Some of the names on the move ahead of the open.
NEW YORK, March 18- U.S. stock index futures fell on Wednesday ahead of a highly anticipated statement and news conference by the Federal Reserve later in the session, with the Fed expected to give clearer clues on how soon it plans to tighten monetary policy. *A Fed statement is due at 2:00 p.m. EDT, with a press conference by Chair Janet Yellen half an hour later.
The effects of the dollar surge has already been felt by a bevy of U.S. companies. And the earnings and guidance impacts may just be getting started.
"Fast Money" traders looked at how to play Oracle and Adobe, which moved in opposite directions after their quarterly results.
Oracle reported a mixed quarter, but boasted that its growth in the cloud sector may be surprising to some.
Check out the companies making headlines after the bell Tuesday: Oracle, Adobe, Quicksilver & more.
SEATTLE, March 17- Oracle Corp posted flat third-quarter revenue and slightly lower profit as the U.S. dollar strengthened, but the business software maker on Tuesday raised its quarterly dividend 25 percent to 15 cents a share. Shares of Oracle, often a barometer for the technology sector, initially fell but quickly rose 3.3 percent in after-hours trading to...
Oracle reported EPS in line at $0.68 adjusted on a revenue miss of $9.33 billion. Dan Ives, FBR Capital Markets, shares his view of the stock.
March 17- Oracle Corp reported flat revenue for its fiscal third-quarter on Tuesday, held back by the recent rise in the U.S. dollar, but increased its quarterly dividend 25 percent to 15 cents a share. Shares of Oracle, often a barometer for the technology sector, initially fell but quickly rose 0.8 percent in after-hours trading to $43.20. "Although currency...
REDWOOD CITY, Calif.— Shares of Oracle Corp. edged higher in aftermarket trading Tuesday after the company said its software and cloud businesses gained strength in its fiscal third quarter. Oracle said its net income fell 3 percent to $2.5 billion, or 56 cents per share, in the quarter that ended on Feb. 28. Excluding one-time items, Oracle said it earned 68 cents per...
Discussing Oracle's earnings, with CNBC contributor Carol Roth; Dan Morgan, Synovus Trust senior VP; and "Fast Money" trader, Guy Adami.
Oracle is reporting EPS in line at $0.68 adjusted on a revenue miss of $9.33 billion, with CNBC's Josh Lipton.
U.S. stocks closed mostly lower ahead of the Federal Open Market Committee's statement that could shed light on the timing of an interest rate hike.
*Sights set on corporate procurement, a $75 bln market, it says. HANOVER, Germany, March 17- Business software maker SAP is betting its development of online corporate purchasing services for its multinational customers can boost revenue and profits as it shifts its core business onto the cloud. Steve Singh, head of SAP's recently created Business Network...
U.S. stock index futures indicated a lower open on Tuesday, as investors awaited news from the U.S. Federal Reserve's two-day meeting.
One tech giant could soon be crushed by the speedily rising greenback.
David Seaburg and Stacey Gilbert discuss what a rising U.S. dollar could mean for the tech giant's earnings.
The Fed in the coming week may finally signal it's on a course to raise rates, and anticipation of a change in its zero-rate policy has been sending ripples through markets.