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Dow Jones Stalls Amid Shutdown Fears and Weak Consumer Confidence
Dow Jones Stalls Amid Shutdown Fears and Weak Consumer Confidence
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BTCCSquare news:
The Dow Jones Industrial Average (DJIA) edged lower on Tuesday as investors braced for a potential government shutdown, with Polymarket odds surging to 82%. Political gridlock between Democrats and Republicans shows no signs of resolution, echoing the 2018 shutdown scenario.
Consumer confidence slumped to a five-month low of 94.2 in September, marking the sharpest monthly decline in a year. The deterioration reflects growing pessimism about business conditions and job market prospects—a sentiment that historically correlates with risk-off flows into alternative assets like cryptocurrencies.
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