US Markets Decline: DJIA Falls 797 Points, Nasdaq Drops 2.3%, Tesla Plummets Over 6%
US Government Shutdown Ends: The US federal government concluded its longest shutdown, leading to a significant sell-off in tech stocks and a sharp decline in major stock indices, including a 797-point drop in the DJIA.
Tech Stocks Plummet: Major tech companies experienced substantial losses, with Tesla down 6.6%, Nvidia down 3.6%, and both Alphabet and Amazon declining nearly 3%.
Consumer Sentiment Declines: Michigan's Consumer Sentiment for November fell to 50.3, below the previous value of 53.6 and the forecast of 53.2.
Disney Earnings and Crypto Market Impact: Disney's 4Q earnings rose significantly, but disappointing television revenue led to a 7.8% drop in its stock. Meanwhile, Bitcoin's price fell to $98,000, negatively affecting crypto-related stocks like MicroStrategy and Coinbase.
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