Stocks retreated on Tuesday after reaching record highs the previous day, with the Nasdaq and S&P 500 both sliding. Shares of Oracle dropped 2.5% following concerns about its AI rollout profitability. The ongoing U.S. government shutdown is also contributing to market uncertainty, leading to the delay of key economic data. Housing and semiconductor stocks saw significant declines, while utilities showed strength. Overseas markets were mixed, with Asian markets mostly flat and European markets closing roughly unchanged. Treasury yields fell, and Wednesday’s trading may be influenced by Fed officials’ remarks and meeting minutes.

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