Stock market drops sharply a day after government shutdown ends; Dow sinks nearly 800 points
The tech-heavy Nasdaq Composite netted the most losses with a 2.5% slump, while the S&P 500 sank 1.8% as of publishing. The Dow closed with an 809 point loss, or 1.7%.
The stock market on Thursday dropped unexpectedly, with the Dow Jones Industrial Average (Dow) closing down nearly 800 points at the close of trading.
The stock market numbers come the day after President Donald Trump signed a continuing resolution to reopen the federal government through January, but Wall Street is eying the potential impact the 43-day shutdown has had on the economy, Yahoo Finance reported.
The tech-heavy Nasdaq Composite netted the biggest loss with a 2.2% slump, while the S&P 500 sank 1.6% as of publishing. The Dow closed with a 797 point loss, or 1.65%.
The numbers also come after the Trump administration warned Wednesday that key economic metrics might never be published from the shutdown, including the October jobs report and data on inflation.
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.