Wall Street today: S&P 500, Dow Jones, Nasdaq slip amid shutdown worries, Meta Platforms falls 1.9%, Alphabet dips 1.4%

Wall Street’s key stock indices slipped on Tuesday, the final day of the third quarter, amid worries over US government shutdown.

As of 10:15 AM Eastern Time, the S&P 500 slipped 0.1%, the Dow Jones Industrial Average was down less than 0.1%, and the Nasdaq Composite was 0.3% lower.

At the open, the Dow Jones Industrial Average fell 33.4 points, or 0.07%, to 46,282.63. The S&P 500 fell 5.0 points, or 0.08%, to 6,656.19, while the Nasdaq Composite dropped 10.8 points, or 0.05%, to 22,580.359.

On the economic data front, a Labor Department report showed job openings rose to 7.23 million in August.

Another report showed US consumer confidence fell more than expected in September.

In the bond market, the yield on the 10-year Treasury fell to 4.10% from 4.15% late on Monday.

Gainers and Losers

CoreWeave stock jumped 14.9% after the company said Meta Platforms will pay it up to $14.2 billion for a new order for cloud computing power made under its existing service agreement.

Vail Resorts shares dropped 1.6% after the company reported a larger quarterly loss. Lamb Weston stock climbed 8.3% after the supplier of frozen French fries and other potato products reported a stronger quarterly profit.

Stocks of Meta Platforms and Alphabet fell 1.9% and 1.4%, respectively.

Chipmaker Wolfspeed soared 36.3% a day after exiting bankruptcy.

Firefly Aerospace tumbled 24.5% after a testing mishap destroyed the core booster for its centerpiece Alpha rocket.

Oil-related stocks declined, with Schlumberger losing 3.6% and Halliburton falling 3.3%.

Bullion

Gold prices eased on Tuesday as investors took profits after a record rally.

As of 09:44 AM ET (0723 GMT), spot gold fell 0.3% to $3,823.79 per ounce. US gold futures for December delivery fell 0.1% to $3,852.40.

Among other metals, spot silver lost 1.7% to $46.14 per ounce. Platinum fell 2.9% to $1,554.68 and palladium lost 2.3% to $1,238.37.

Crude Oil

Oil prices dropped on Tuesday ahead of another anticipated production rise by OPEC.

Brent crude futures for November delivery, expiring on Tuesday, lost 70 cents, or 1%, to $67.27 a barrel by 1320 GMT.

US West Texas Intermediate crude was trading at $62.64 a barrel, down 81 cents, or 1.3%.