TSX Futures Edge Down as Oracle Earnings Miss Revives Tech Valuation Concerns
Canadian stock futures declined Thursday as Oracle's disappointing results triggered concerns about tech valuations, overshadowing the Federal Reserve's expected rate cut and positive central bank policy moves.
Insights:
Futures for Canada's main stock index ticked lower on Thursday morning, as renewed fears about lofty technology stock valuations following Oracle 's disappointing quarterly results outweighed optimism from a widely expected rate cut by the U.S. 
US Federal Reserve. Futures on the S&P/TSX Composite Index were down 0.2% by 06:30 a.m. ET.
US Federal Reserve. Futures on the S&P/TSX Composite Index were down 0.2% by 06:30 a.m. ET.The decline reflects a broader risk-off sentiment sweeping global markets after cloud computing giant Oracle delivered quarterly results and forward guidance that fell below Wall Street expectations. The earnings miss has revived investor concerns about an AI bubble, prompting a reassessment of technology sector valuations despite supportive monetary policy moves from central banks.
