U.S. Stock Market Declines Amid Lingering Government Shutdown Effects
Both the S&P 500 and Nasdaq 100 traded lower despite the end of the longest government shutdown in history. The absence of key economic data, including the Consumer Price Index and jobless claims reports, has clouded market sentiment.
White House Press Secretary Karoline Leavitt indicated October's jobs report may exclude the unemployment rate, while September's data could be released next week. Private labor market signals remain concerning, with October job cuts hitting a 22-year high and private payrolls declining.