U.S. stocks snapped a seven-day winning streak, with the major indexes finishing lower across the board. The S&P 500 dropped 0.38 % to 6,714.59, while the Dow Jones Industrial Average fell by 91.99 points (0.20 %) to 46,602.98. The Nasdaq Composite led losses with a slide of 0.67 % to 22,788.36.
Investors cited the blackout in economic data caused by the U.S. government shutdown—now in its seventh day—as a headwind for decision making. A consumer expectations survey from the New York Fed, showing weakening forward expectations and rising inflation forecasts, also added to the cautious tone.
Tesla shares were under particularly heavy pressure after the company revealed lower-priced versions of its Model Y and 3. The stock fell more than 4 %, dragging on broader market sentiment.
Meanwhile, gold futures made headlines, climbing past $4,000/oz for the first time, as investors sought shelter from uncertainty.
