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Equities felt the pressure today as the shutdown dragged on and the market absorbed a wave of negative headlines. Weak labor data set the tone early, with Challenger job cuts showing a clear sign that hiring momentum is slowing. That added another layer of stress to an already cautious market.
The shutdown remains the main force behind every move. Prediction markets now price a 43 percent chance that Washington resolves it by November 15 and a strong 91 percent chance by the end of November. Until there is clarity, investors are treating every development as a risk factor rather than an opportunity.
Fed officials also kept their tone firm, reminding markets that policy will not shift simply because sentiment is shaky. Analysts still expect a deal by late next week, but until then equities will stay volatile.
#Markets #Stocks #Economy