Overview
- U.S. stocks slipped Thursday as traders digested the restart of government operations, with the Dow down 0.20%, the S&P 500 off 0.74% and the Nasdaq lower by 1.31% near mid‑session.
- Wednesday’s trade closed with a split tone, highlighted by a new Dow record at 48,254.82 points while the tech‑heavy Nasdaq fell, underscoring this week’s uneven momentum.
- A rotation away from high‑valuation technology leaders toward industry, finance, energy and health continued, with stock moves also shaped by earnings such as a drop in Disney and a rise in Cisco.
- The White House cautioned that official October consumer‑price and labor‑market reports will probably never be published because data collection was suspended during the shutdown.
- European equities gained on restored confidence, with Paris’s CAC 40 setting a fresh high as investors reassessed U.S. demand prospects despite lingering policy uncertainty.