Dow futures drift lower; Oracle slumps on weak guidance, Apple event eyed
) offered up disappointing current-quarter revenue guidance after the close Monday as a tough economy pressured cloud spending by businesses.
After a surge in cloud demand during the pandemic, businesses are rethinking their digitization plans, hurting Oracle as it plays catch-up in a segment dominated by larger rivals.Elsewhere, Apple will also be in the spotlight as the world’s most valuable company hosts its annual fall hardware update in California later in the session, dubbed “Wonderlust” this year.
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