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Wall Street Falls After Government Reopens, Tech Leads Declines

Attention turns to long-delayed data that could upend expectations for the Fed’s December decision.

Overview

  • The Dow fell 1.65% to about 47,457, the S&P 500 lost 1.66%, and the Nasdaq dropped 2.29% a day after President Trump signed a funding bill ending the 43‑day shutdown.
  • The White House said postponed Bureau of Labor Statistics releases will be published soon, while indicating some October employment and inflation reports may not appear.
  • Technology shares bore the brunt as Nvidia slid 3.6% and the semiconductor index fell 3.7%, while Disney dropped 7.8% after earnings and energy was the only S&P 500 sector to finish higher.
  • The prior session’s relief rally had delivered a second straight record close for the Dow and a surge in AMD after aggressive multi‑year revenue guidance, but profit‑taking has since reversed momentum.
  • Regional markets cooled from recent highs as Mexico’s IPC fell more than 1% for a second session and Spain’s Ibex slipped 0.23% after intraday records, with major European indices lower as the euro rose above $1.16.