Market Overview - US stocks experienced a retreat as investors reassessed optimism surrounding AI and interest-rate cuts amid a government shutdown [1][2] - The S&P 500 index declined approximately 0.3% following a record close, while the Nasdaq Composite saw a smaller decrease of about 0.1%, supported by Nvidia's record performance [1] - The Dow Jones Industrial Average fell by 0.6%, and gold prices retreated below $4,000 per troy ounce due to profit-taking [2] Earnings Season - PepsiCo reported quarterly profit and revenue that exceeded expectations, marking the beginning of the third-quarter earnings season [3] - Delta Air Lines also surpassed earnings expectations, contributing to a positive trend among airline stocks [3] - The upcoming week is significant as major US banks are set to release their third-quarter earnings reports, which will provide insights into the economy's health and the potential for an AI-driven market boom [2][3]
Stock market today: Dow slides, S&P 500, Nasdaq retreat from records as rally takes another breather
Yahoo Finance·2025-10-09 20:01