Oracle stock drops despite $88 million Air Force cloud award as investors look to a busy week ahead
Oracle shares fell 2.6% to $164.58 Friday and slipped another 0.3% after hours, despite winning an $88.1 million U.S. Air Force Cloud One contract running through 2028. The Nasdaq dropped 0.9% and the S&P 500 lost 0.4%. A partial U.S. government shutdown continued into the weekend.