Oracle Plunge Drags Tech Down as Dow Jumps 400 Points

• Dow Jones Industrial Average surged over 400 points, driven by blue-chip and industrial sectors.
• Oracle's shares fell 14-15% after disappointing quarterly results and guidance.
• Oracle's slump, due to high AI infrastructure spending concerns, dragged down the tech sector, including Nasdaq and S&P 500.
• The market saw a divergence, with traditional sectors boosting the Dow while tech struggled.

Why It Matters: Oracle's tech slump shows market sensitivity to AI spending, impacting tech stocks.