After nearing record highs on Wednesday when the Federal Reserve announced its third consecutive interest rate cut this year, the U.S. Stock Exchange began pointing toward losses on Thursday, the Associated Press reports.
Futures for the S&P 500 fell 0.2% while futures for the Dow Jones Industrial Average were unchanged. Nasdaq Composite futures dropped 0.4%.
AI companies saw a dip as companies like Oracle reported cash flow issues, falling 12% overnight as revenue came up short of expectations.
Oxford Industries also dropped over 22% with the company lowering its revenue expectations for the year.
