Wall Street Braces For Earnings Amidst Shutdown And Tariff Fears

Benzinga

U.S. stocks are under pressure from the shutdown and tariff fears, with the S&P 500 down 2% since Oct. 1. Delayed jobs and inflation data add uncertainty as investors await bank earnings for direction.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02The U.S. stock market faces mounting pressure from the government shutdown and renewed tariff fears,

00:08with upcoming bank earnings expected to provide a key catalyst, according to Benzinga.

00:13The S.P. 500 has fallen 2% since the government shutdown began on October 1st,

00:19marking its weakest shutdown performance since 1990, according to Dow Jones market data.

00:24Trump's threat of steep tariff hikes on Chinese goods erased the index's weekly gains,

00:30while the shutdown also delayed key reports like U.S. jobs data.

00:34The government shutdown has delayed the release of Consumer Price Index inflation data until October 24th,

00:40increasing market uncertainty, according to MarketWatch.

00:44Amid the government shutdown and tariff concerns,

00:47upcoming earnings reports from major Wall Street banks are expected to guide investors and shape the market's outlook.

00:53For all things money, visit Benzinga.com.

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