Stock Market Today, Sept. 24: Oracle Stock Dips As it Issues Force Majeure Notice on Project Jupiter Data Center
Today, Sept. 24, 2026, the enterprise cloud giant filed to shield itself from cost and payment risk as the New Mexico facility faces public opposition and permitting delays.
Overview
Oracle (NYSE:ORCL), an enterprise cloud software and AI infrastructure provider, closed at $139.53, down 3.48%. Oracle fell after reports said it sent a force majeure notice tied to its New Mexico Project Jupiter data center, while investors await December earnings. Trading volume reached 56.2M shares, coming in about 68% above its three-month average of 33.4M shares.
S&P 500 (SNPINDEX:^GSPC) closed at 7,704, down 0.03%, while Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 26,939, up 0.01%. Among enterprise application software, database software, and cloud infrastructure peers, Salesforce (NYSE:CRM) closed at $238.40, up 0.35%, while ServiceNow (NYSE:NOW) closed at $137.81, down 2.11%, showing mixed trading across the group.
Details
Oracle stock dropped 3.5% today after the company sent a force majeure notice to Stack Infrastructure, the developer of a massive data center overlay (Project Jupiter) in New Mexico. With ORCL stock already leaning heavily upon debt to fund its AI ambitions, the company's credit default swaps hit a record high as the market took today's news as a worrying signal.
Source
Originally published at www.fool.com.