Energy Department Offers $17.5B in Nuclear Loans; Oracle Cuts 13% of Workforce

The Nasdaq Composite and S&P 500 Index were down in late-morning trading Tuesday, while the Dow Jones showed mixed performance. Meanwhile, energy and tech sectors dominated headlines.

Energy Department Offers $17.5B in Nuclear Loans

The US Department of Energy announced a $17.5 billion loan package aimed at supporting the construction and development of nuclear reactors in the country. This move is part of the government's efforts to boost clean energy sources and reduce reliance on fossil fuels.

Oracle Shrinks Workforce by 13%

In the tech sector, Oracle Corporation (ORCL) disclosed a 13% reduction in its workforce during fiscal 2026. The company did not provide further details on the reasons for the cut, but it comes amid a broader restructuring trend among major tech firms.

Market Performance

According to reports, the Nasdaq Composite and S&P 500 were in the red during mid-session, while the Dow Jones managed to hold steady. Among the stocks traded: Amazon (AMZN), Adobe (ADBE), Cisco (CSCO), and Exxon Mobil (XOM).

What This Means for Investors

These stories highlight two important shifts: the government's increasing focus on nuclear energy as a clean source, potentially creating investment opportunities in the sector, and the continued restructuring in big tech, which may impact short-term earnings.