Fox Business·2025-10-10 19:55Market Reaction - A trade dispute between the U.S. and China led to a significant decline in U.S. stocks, with all three major indices down over 1%, marking the worst session since August [1] - The Dow Jones Industrial Average fell by 726.74 points, or 1.57%, closing at 45,631.68, while the S&P 500 dropped 152.18 points, or 2.26%, to 6,582.93, and the NASDAQ Composite decreased by 694.74 points, or 3.02%, to 22,329.88 [2] Sector Performance - Most sectors in the S&P 500 experienced declines, particularly technology, energy, and consumer discretionary, while utilities and consumer staples showed resilience [6] - The technology sector, represented by the Technology Select Sector SPDR ETF, fell by 3.55% to 279.88, while the Energy Select Sector SPDR ETF decreased by 1.36% to 87.76 [7] Key Companies Affected - Major tech stocks, including Amazon, Meta, Nvidia, and Tesla, saw significant declines, with Amazon down 4.49% to 217.51 and Tesla down 5.03% to 413.64 [10] - Defensive stocks like McDonald's, Coca-Cola, and Pepsi gained traction during the selloff, with McDonald's rising by 1.29% to 297.59 [11] Commodity Market - Gold prices surged above $4,000, marking a 50% increase this year, while silver reached a new high of $50 [12] - Oil prices fell below $60 per barrel, with the United States Oil Fund decreasing by 4.13% to 69.50 [16]