U.S. Stock Market Movement | Oracle (ORCL.US) falls over 4% pre-market as Moody's confirms its Baa2 debt rating and maintains a negative outlook

According to Zhihu Finance APP, on Monday, Oracle (ORCL.US) fell more than 4% in pre-market trading, at $125.14. In terms of news, on November 2, Moody’s affirmed Oracle’s “Baa2” senior unsecured debt rating and “P-2” commercial paper rating, and assigned a “Baa2” rating to the company’s proposed $10 billion senior unsecured notes, maintaining a negative outlook. On Monday, Oracle launched a $10 billion US dollar bond issuance, just days after the company announced a new capital expenditure plan to fund investments in its artificial intelligence (AI) infrastructure.