Stock market today: Dow slides, S&P 500 and Nasdaq snap winning streaks as Oracle leads tech stocks lower
US stocks slipped from their latest record-setting run on Tuesday, as Wall Street weighed worries over the government shutdown against hopes for artificial intelligence.
The Dow Jones Industrial Average (^DJI) fell 0.2%. The S&P 500 (^GSPC) dropped around 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) decreased roughly 0.7% after fresh record high closes on Wall Street.
Read MoreGold surges past $4,000 an ounce as uncertainty fuels rally
The price of gold has hit a record high of more than $4,000 (£2,985) an ounce as investors look for safe places to put their money over concerns about economic and political uncertainty around the world.
Gold has seen its biggest rally since the 1970s, rising by more than 25% since April when US President Donald Trump announced tariffs which have upset global trade.
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Read MoreTwo Grayscale Ethereum Exchange-Traded Funds Become First US Crypto ETFs to Enable Staking
Grayscale Investments says it’s adding staking features to several of its cryptocurrency exchange-traded funds (ETFs), marking the first time US-listed spot crypto exchange-traded products (ETPs) will offer staking rewards.
The firm says its Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH) will both now allow staking.
Read MoreSocial Security recipients getting double payments this October; here's why
The Brief
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Social Security Administration sends some benefits early when the 1st falls on a weekend or holiday.
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In October, SSI payments will be dispersed twice – on Oct. 1 and Oct. 31 – because Nov. 1 falls on a weekend.
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Read MoreUK will be second-fastest-growing G7 economy, IMF predicts
Faisal IslamBBC Economics Editor
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Read MoreThe Burst
Is Monster Growth Enough For This Space Data Stock?
Planet.com (PL) was one of the few stocks that defied the market trend last month by soaring over 30% in the few days after earnings alone.
The company, which operates a network of satellites to take pictures and provide data about the Earth, released its financial results for its fiscal second quarter.
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Read MoreThe Ivy
Market Commentary: 1 Buffett Stock Set To 4x
Buffett rarely ventures into the technology sector but he did make a huge bet on the future of data via Snowflake, which his Berkshire Hathaway investment vehicle snapped up pre-IPO.
The future of Artificial Intelligence (AI) hinges on data, and that’s Snowflake’s playground. In an AI-dominated world, data management solutions like Snowflake’s will be pivotal,
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