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The Dow Jones Industrial Average surged by more than 400 points on Thursday, extending its upward trajectory and reflecting strong momentum in several blue-chip and industrial sectors.
However, this broad market optimism was tempered by a pronounced drag from the technology space, led by a sharp sell-off in Oracle.
The company’s shares fell in the range of 14-15 percent after it reported quarterly results that failed to meet market expectations and issued guidance that raised fresh concerns about the sustainability of its current investment…
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