Oracle, an American multinational computer technology corporation, reported better-than-expected earnings in the second quarter of the fiscal year 2021, largely driven by a surge in sales of software licensing and cloud product due to extended work from home in response to the COVID-19 pandemic.
The direction of the December E-mini S&P; 500 Index is likely to be determined by trader reaction to the 50% level at 3350.00.
The exact nature of the agreement between TikTok and Oracle remains unclear, but it was not described as an outright sale.