U.S. Stocks Fall Amid Europe Concern as Oracle Tumbles
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U.S. stocks fell, after the Standard & Poor’s 500 Index approached a record high yesterday, as concern about Europe’s debt crisis overshadowed better-than-estimated American economic data.
Oracle Corp. plunged 9.7 percent after sales and earnings missed estimates. Cisco Systems Inc. and Juniper Networks Inc. slipped at least 2.2 percent amid an analyst downgrade. Guess? Inc. fell 7.2 percent after its revenue forecast trailed projections. Yahoo! Inc. added 3.5 percent as Oppenheimer & Co. upgraded the shares.