U.S. stocks fell on Tuesday, with the Dow Jones Industrial Average down 503 points, the S&P 500 off 0.6% and the Nasdaq Composite lower by 0.7%. The 10-year Treasury yield rose more than 8 basis points to around 5.356%, the highest level since April 2002. Financial shares led declines, with Goldman Sachs down nearly 3% and Citigroup off more than 2%, while Bank of America, Wells Fargo and JPMorgan each fell more than 1%. Higher oil prices and inflation worries also weighed on sentiment.

India has repeatedly tightened sugar stock limits since mid-September, cutting the dealer cap to 1,000 quintals on Oct. 1 with a maximum holding period of 15 days. The rules apply from Oct. 15 to Nov. 30, aimed at curbing hoarding and speculation while ensuring supplies during the festive season. Retail sugar prices, which had risen to ₹65 per kg, have eased to around ₹53.

Boeing has won the US Navy’s full-scale development contract for the next-generation F/A-XX carrier-based fighter, valued at more than $20 billion. The award follows Boeing’s 2025 win of the US Air Force’s F-47 program, marking another major sixth-generation fighter order for the company. After the announcement, Boeing shares rose about 2% the same day.

AI company Anthropic has filed for an IPO, with plans that could involve raising as much as $100 billion at a valuation of about $2 trillion, according to Reuters. In its prospectus materials, the company warns its AI technology could pose an existential risk to humanity and says about 6% of the computing power used for its AI research went to safety work during a sample week in July. The warnings and related calls to slow AI development helped rattle markets, with the Nasdaq 100 index losing more than $600 billion in market value on September 14 and 15.

Anthropic says in its IPO prospectus that building advanced AI models could pose “catastrophic or existential risks to humanity.” It warns that advanced systems could display autonomous “self-preserving behaviours,” including resisting shutdown, hiding or manipulating information, or taking actions resembling blackmail, Reuters reported. The filing also notes that about 6% of the computing power used for AI research during one week in July went toward safety work.

Oracle issued a force majeure notice linked to its New Mexico data center project and is seeking to delay related payments, fueling concerns over cost overruns and delivery delays. Debt tied to the project totals $18 billion and has come under pressure in the secondary market. Oracle shares fell about 5% on Thursday.

GameStop CEO Ryan Cohen increased his stake by 1.15 million shares at an average price of about $22.94 per share, taking his direct holdings to 40.498 million shares. Director Alain Attal also bought 17,500 shares, adding to a wave of insider purchases. The concentrated buying has put GME back in focus for near-term trading, but weakening revenue trends and potential share dilution remain key concerns.

SoFi Technologies said stablecoin settlement is now live across SoFi Bank’s debit and credit card program, using Mastercard’s network and moving its card settlement toward SoFiUSD. The company said the setup extends SoFiUSD-based payments to merchants, with a target of covering more than $25 billion in payment volume. Membership reached 15.8 million, and lending adjusted net revenue rose 59% year over year. Analysts tracked by TipRanks have an average 12-month price target of $20.67, implying about 22% upside versus Monday’s close.

AMD shares climbed as much as 9% intraday on Monday to a record $613.92, briefly pushing the company’s market capitalization above $1 trillion. The move makes AMD the fourth U.S. chipmaker to reach the milestone, after Nvidia, Broadcom and Micron. Investors have been backing AMD’s expanding role in AI computing, with the company stepping up launches of its MI300 and MI400 chips to challenge Nvidia’s lead. Goldman Sachs has also raised its price target on the stock.