You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Weak Oracle sales, Cyprus fears weigh on US stocks

Continue reading below

Stocks closed lower Thursday after ­Oracle’s weak sales results weighed down big US technology companies. Traders also worried about Cyprus running out of time to avoid bankruptcy. Major indexes followed European markets lower at the open and remained solidly negative all day. Oracle’s results have an outsized ­impact on other technology stocks because it reports earlier than most of its peers. The European Central Bank has threatened to end emergency support for banks in Cyprus next week unless leaders can secure more funding. The country must raise about $7.5 billion in the next four days to avoid bankruptcy.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of