The S&P 500 Index ($SPX) (SPY) on Thursday closed down -1.66%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.05%. December E-mini S&P futures (ESZ25) fell -1.64%, and December E-mini Nasdaq futures (NQZ25) fell -2.02%.
US stock indexes sold off sharply on Thursday amid concerns that the soon-to-be-released economic reports, delayed by the government shutdown, will be weak enough to allow the Fed to keep cutting interest rates. The weakness in chipmakers and the slide in the Magnificent Seven technology stocks on Thursday also weighed on the overall market.
