Tech stocks fall as Oracle sinks, with Apple and inflation in focus: Stock market news today

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Stocks opened lower on Tuesday as investors waited for Apple's fall event to kick off and counted down to a key inflation data report.

14th Amendment challenges against Trump's candidacy mount as campaign pushes back

A group of Minnesota voters on Tuesday morning filed a legal challenge asking the state Supreme Court to direct the secretary of state to exclude Donald Trump from the ballot in 2024, citing the argument that the former president is disqualified from public office because of the 14th Amendment and the push to overturn the 2020 election results.

 

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Updated Covid vaccines, Oracle earnings, Tesla stock jumps: Top StoriesThe U.S. Food and Drug Administration has approved updated Covid vaccines from Pfizer (PFE) and Moderna (MRNA) to combat new virus variants amid a surge in new cases and hospitalizations. Oracle (ORCL) shares moved lower in after-hours trading after reporting mixed fiscal first quarter results. Lastly, Tesla (TSLA) stock jumped after Morgan Stanley (MS) upgraded the stock to 'Overweight' from 'Equal Weight' and issued a $400 price target, citing a potential boost from its Dojo supercomputer. Yahoo Finance's Akiko Fujita breaks down the top stories of the day.
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Oracle stock falls on slowing cloud sales growthOracle (ORCL) shares are tumbling in early trading after reporting mixed fiscal first quarter results. The tech giant's earnings were better than expected, but revenue was a little lighter than anticipated. Part of the problem are concerns about slowing growth in the company's cloud unit. Yahoo Finance's Seana Smith and Brad Smith discuss the rate slow down and its connection to generative AI.
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Apple event, Oracle earnings, Arm strategy: 3 ThingsApple (AAPL) announces design changes for the iPhone 15 ahead of its launch event later today. Oracle Corp. (ORCL) shares fall after reporting weaker-than-expected earnings, particularly in its revenue tied to its hardware segment. According to Bloomberg, Arm Holdings (ARM) could be changing up its strategy ahead of its IPO and refocusing its attention on designing growth-driven products. Yahoo Finance's Brad Smith highlights several of the top headlines making waves Tuesday morning.
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Stock market today: Asian shares trade mixed after Big Tech rally on Wall StreetTOKYO (AP) — Asian shares were trading mixed Tuesday following a Big Tech rally on Wall Street, as investors awaited an update on U.S. consumer prices set for later in the week. Japan's benchmark Nikkei 225 surged 1.0% to 32,776.37. Australia's S&P/ASX 200 added 0.2% to 7,206.90. South Korea's Kospi shed 0.8% to 2,536.80. Hong Kong's Hang Seng dropped 0.2% to 18,056.17, while the Shanghai Composite fell nearly 0.2% to 3,137.73. The Federal Reserve is weighing whether to keep raising interest rat
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