Nasdaq's technology-heavy composite index fell 0.7 percent and the Dow Jones industrial index dropped 0.2 percent.
Automaker Ford's share fell 6.3 percent. This is a consequence of a comprehensive fire in the important subcontractor Novelis' factory in the state of New York. The factory supplies aluminum and the incident is expected to lead to month-long disruptions for Ford, writes The Wall Street Journal.
Software giant Oracle's share fell 2.5 percent after the company's profit margin in cloud services turned out to be lower than expected, reports Bloomberg.
Tesla's share plunged 4.5 percent after the electric car manufacturer, as expected, presented a new cheaper model.
Gold futures trading in New York exceeded $4,000 per ounce for the first time ever on Tuesday. The gold price has risen sharply recently and gold is seen as a safe asset in turbulent times.
Gold futures have risen by about 50 percent since the beginning of 2025.
