Yahoo Financeยท2025-10-07 16:17Market Overview - US stocks experienced a decline after a record-setting run, with the Dow Jones Industrial Average falling 0.2%, the S&P 500 dropping around 0.4%, and the Nasdaq Composite decreasing roughly 0.7% [1] - Gold futures surpassed $4,000 per ounce for the first time, indicating a shift towards safe-haven assets amid market uncertainties [1] AI Sector Developments - The AI sector saw a pullback after a strong performance, particularly following a multibillion-dollar deal between AMD and OpenAI that significantly boosted AMD's stock [2] - Oracle's stock declined due to reports suggesting lower-than-expected profit margins in its cloud computing business, with shares falling as much as 7% during the day [3] Company-Specific News - Tesla's shares dropped 4% after the company launched a cheaper Model Y priced under $40,000, which was initially teased through social media [3] Economic Outlook - Earnings results are expected to gain increased importance during the US government shutdown, as the prolonged stoppage may obscure economic indicators for investors [4] - The shutdown has already delayed the September jobs report and may postpone upcoming releases on consumer and producer inflation, which are critical for Federal Reserve decision-making [4]