Stock market today: Dow, S&P 500, Nasdaq slide as Oracle leads tech stocks lower
OracleOracle(US:ORCL) Yahoo Finance·2025-10-07 16:17

Market Overview - US stocks experienced a decline after a record-setting run, with the Dow Jones Industrial Average and S&P 500 both falling by 0.3%, and the Nasdaq Composite decreasing by 0.5% [1] - Gold futures surpassed $4,000 per ounce for the first time, indicating a shift towards safe-haven assets amid market uncertainties [1] Company-Specific Developments - AMD's multibillion-dollar deal with OpenAI significantly boosted its stock, contributing to the S&P and Nasdaq's seventh consecutive win [2] - Oracle's stock fell by as much as 7% due to reports suggesting lower-than-expected profit margins in its cloud computing business, leading to a tech pullback [3] - Tesla shares lost momentum ahead of the anticipated launch of a new Model Y, following hints on social media [4] Economic Context - The ongoing US government shutdown is expected to impact key economic data releases, including the delayed September jobs report and potential postponements of consumer and producer inflation reports [5] - The uncertainty surrounding the shutdown may cloud investors' views on the economy and interest rate trajectories [4]