U.S. stocks dipped from all-time highs on Thursday due to lack of economic data during the government shutdown. The Dow fell 0.5% to 46,358.42, the S&P 500 dropped 0.3% to 6,735.11, and the Nasdaq slipped 0.1% to 23,024.63. Materials, industrials, and consumer discretionary sectors were hit hardest.

Tech stocks, including NVIDIA and Oracle, helped limit losses on the Dow. The ongoing rally paused as the S&P 500 and Nasdaq retreated from record highs. Concerns over the government shutdown and lack of economic data dampened investor sentiment.

The government shutdown, now in its ninth day, is impacting investor sentiment and market performance. With no end in sight, concerns are rising about the economy’s health. The ongoing shutdown is also impacting the Federal Reserve’s plans for future interest rate cuts.

Zacks Investment Research has identified a top stock pick with money-doubling potential, chosen by their Director of Research Sheraz Mian. The ongoing rally, fueled by tech stocks, is being closely watched by investors amid the government shutdown and lack of economic data.

Read more at Nasdaq: Stock Market News for Oct 10, 2025