FILE-In this Friday, April 11, 2008, file photo, Federal Reserve Board Chairman Ben Bernanke, left, and Mario Draghi arrive for a group photo with G7 finance ministers and central bank governors at the Treasury Department in Washington. Draghi, the European Central Bank president,is overtaking the Federal Reserve chairman as the central banker with the most influence on the global economy and markets. Faced with a growing recession and a possible breakup of the 17-country euro alliance, Draghi has bigger problems than Bernanke, who’s overseeing an economy in recovery. As head of the ECB, which meets Thursday, Sept. 6, 2012, Draghi also has more ammunition left than Bernanke does. (AP Photo/Gerald Herbert, File)
News Summary: Oracle's weak sales drag on stocks
Published: 09:22:01 PM, Thu 21 March 2013 UTC
ORACLE, THE ORACLE: Stocks closed lower on Wall Street Thursday after Oracle's weak sales results weighed down big U.S. technology companies. Oracle's results have an outsized impact on other technology stocks because it reports earlier than most of its peers.
HOPE SPRINGS: Despite being down for the week, U.S. stocks remain near multi-year highs after a rally powered by optimism about the U.S. economy and the Federal Reserve's easy-money policies.
EUROPE AGAIN: U.S. stocks followed European markets lower on fear that the crisis in Cyprus will intensify. The European Central Bank has threatened to end emergency support of the nation's banks next week unless leaders can secure more funding.
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european central bank, european union, oracle, united states, news summary, federal reserve system, business, central bank, stocks, great depression, monetary policy, euro, weak sales, outsized impact, technology stocks, u.s. stocks, multi-year highs, weak sales results, big u.s. technology
