S&P 500 ends seven-day rally with lower close

The Dow Jones inched down 0.20%, or 91 points, to 46,602 points.

The S&P 500 retreated 0.38%, or 25 points, to 6,714 points. The Nasdaq Composite Index fell 0.67% higher, or 153 points, to end at 22,788 points.

The technology sector came under pressure after shares of Oracle fell 2.52% to $284.24, following a report indicating weak profit margins in the company’s cloud business. The report also suggested that Oracle is incurring losses on some of its chip rental deals involving Nvidia.

The Stoxx Europe 600 dropped 0.15% to 569 points, with most major sectors showing mixed performance.

On the other hand, Germany’s DAX, France’s CAC 40, and the UK’s FTSE 100 remained unchanged at 24,385, 7,974 and 9,483, respectively.

In Japan, the Nikkei 225 settled at 47,950 points after touching a record high of 48,527 points earlier in the session. Meanwhile, the broader Topix index pared gains to close at 3,227 points.

Brent crude futures for December remained flat at $65.45 a barrel, after rising more than 1% in the previous session.

US West Texas Intermediate (WTI) crude for November also stabilized at $61.73 a barrel.

Gold futures for December delivery climbed 0.70%, or 28.1, to $4,004.4 an ounce, marking the 43rd record close so far in 2025.