Stock Market News·2025-10-07 18:07Market Overview - U.S. equity markets experienced a notable shift in sentiment, with the S&P 500 ending its seven-day winning streak, declining by 0.4% to approximately 6,740.28 points, marking its first drop in eight sessions [1][2] - The Nasdaq Composite reached an intraday high of 22,987.68 but retreated by 0.7%, while the Dow Jones Industrial Average slipped by 0.2% to 46,694.97 points, indicating a reassessment of risks by investors [2][3] Sector Performance - The technology sector faced pressure due to specific company news, with the semiconductor index experiencing volatility; Advanced Micro Devices (AMD) continued its rally, while Nvidia (NVDA) saw a slight dip [4] - Critical Metals surged by 45% following news of the Trump administration taking a stake in Trilogy Metals (TMQ), highlighting a focus on securing critical mineral supplies [4] - Consumer discretionary and financial sectors showed some weakness amid the cautious market mood [4] Major Stock Movements - Oracle (ORCL) shares fell over 5% due to lower-than-expected margins in its cloud business and losses from Nvidia chip rentals [8] - AMD rose over 3% after a significant partnership with OpenAI, which may also acquire a stake in AMD [12] - Tesla (TSLA) increased over 5% in anticipation of a new car launch aimed at reversing falling sales [12] - Peloton Interactive (PTON) dropped 10.5% amid concerns over new product launches [12] - Trilogy Metals (TMQ) surged more than 200% after the Trump administration announced a 10% stake in the company [12] - Alphabet Inc. (GOOGL) shares increased by 2.1% despite the overall market's cautious tone [12] - Dell Technologies (DELL) rose 5% after raising long-term revenue and profit forecasts due to strong AI server demand [12] - IBM (IBM) gained 3% following a partnership announcement with Anthropic [12] - PayPal (PYPL) jumped 5.78% after announcing UPI integration in India [12] - HubSpot (HUBS) and Figma surged more than 10% after being mentioned during OpenAI's developer conference [12] - AppLovin (APP) plummeted 14% yesterday but surged 8% today amid SEC investigations [12] Upcoming Market Events - The ongoing U.S. government shutdown is expected to last three or more weeks, contributing to investor uncertainty [5] - The Federal Reserve is a central focus, with expectations of two additional rate cuts this year, particularly a 25-basis-point cut at the late-October meeting [6] - Treasury auctions for 3-year notes and 10-year notes are scheduled, with demand closely watched due to recent yield drops [7]