Oracle stock dips after TikTok outage explanation as traders size up Fed and what’s next
Oracle shares closed down 1.2% at $172.80 Wednesday, then edged up 0.2% after hours. The company blamed a weather-related power outage at a data center for U.S. TikTok disruptions. Trading volume jumped to 35.4 million shares, well above average. Investors are watching for signs of service stability and the next earnings report.