US Stocks Turn Negative

2025-10-07 15:29 By Joana Taborda 1 min. read

US stocks gave back earlier gains on Tuesday, with the three major indexes retreating 0.3%, as a slide in Oracle weighed on the AI-driven rally.

Oracle fell more than 5% following reports that internal documents highlighted challenges in leasing Nvidia Corp.’s chips.

Tesla also dipped over 2% ahead of an event expected to unveil a more affordable version of its Model Y SUV, while Ford tumbled nearly 7% after reports indicated that a fire at a key supplier could disrupt its operations for months.

The market’s caution comes as fresh economic data from the NY Fed showed that consumers expect higher inflation both one year and five years ahead.

Meanwhile, political uncertainty added to investor unease, as Washington’s stalemate continued: funding proposals from both Democrats and Republicans failed to pass for a fifth time, extending the federal government shutdown into its seventh consecutive day.



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