On Thursday, U.S. stock markets plummeted, with the Nasdaq Composite extending its losing streak to three consecutive sessions. The Bureau of Labor Statistics failed to release the October CPI report as scheduled. Earlier, the White House had warned that due to the government shutdown, field data collection was disrupted, potentially leaving October nonfarm payroll and inflation data unpublished indefinitely.

**U.S. Stocks** At close, the Dow Jones Industrial Average dropped 797.60 points (1.65%) to 47,457.22, while the Nasdaq Composite tumbled 536.10 points (2.29%) to 22,870.36. The S&P 500 declined 113.43 points (1.66%) to 6,737.49. Tesla (TSLA.US) slid over 6%, Nvidia (NVDA.US) fell 3.5%, and Oracle (ORCL.US) and AMD (AMD.US) both lost more than 4%. Cisco (CSCO.US) bucked the trend, rising over 4%. The Nasdaq Golden Dragon China Index dropped 1.59%, though Alibaba (BABA.US) gained 1%.

**European Stocks** Germany’s DAX 30 fell 355.55 points (1.46%) to 24,025.22, while the UK’s FTSE 100 dropped 107.82 points (1.09%) to 9,803.60. France’s CAC 40 edged down 8.75 points (0.11%) to 8,232.49. The Euro Stoxx 50 declined 49.76 points (0.86%) to 5,737.55. Spain’s IBEX 35 dipped 51.00 points (0.31%) to 16,565.50, and Italy’s FTSE MIB slipped 40.64 points (0.09%) to 44,752.00.

**Crude Oil** December WTI crude futures rose $0.20 (0.34%) to $58.69 per barrel, while January Brent crude futures climbed $0.30 (0.48%) to $63.01.

**Cryptocurrencies** Bitcoin plunged over 2.6% to $99,024.88, briefly dipping below $98,000 intraday. Ethereum slumped more than 6.6% to $3,186.97.

**Dollar Index** The U.S. dollar index, tracking the greenback against six major currencies, fell 0.34% to 99.156. The euro rose to $1.1635 from $1.1586, while the pound strengthened to $1.3190 from $1.3130. The yen firmed to 154.47 per dollar from 154.72, and the Swiss franc edged up to 0.7927 from 0.7978. The Canadian dollar weakened to 1.4033 per dollar from 1.3998, while the Swedish krona rose to 9.3983 from 9.4493.

**Precious Metals** Spot gold fell 0.55% to $4,171.51, briefly dropping over 1% intraday.

**Macro News** Minneapolis Fed President Neel Kashkari opposed the central bank’s prior rate cut and remains undecided on December’s policy move. He noted economic resilience exceeding expectations, suggesting a pause in October. Meanwhile, Richmond Fed President Thomas Harker emphasized maintaining restrictive monetary policy to curb inflation.

Europe explored pooling dollar reserves to reduce reliance on the Fed, though logistical hurdles persist. Separately, the U.S. announced tariff waivers for select Latin American coffee and fruit imports to ease consumer price pressures.

**Corporate Updates** Tesla (TSLA.US) is reportedly testing Apple CarPlay integration, potentially rolling it out in months. Apple (AAPL.US) introduced a Small Business Program, cutting App Store fees to 15% for eligible developers. BlackRock (BLK.US) added Nvidia (NVDA.US) and Microsoft (MSFT.US) shares in Q3 while trimming Apple (AAPL.US) and Alphabet (GOOG.US) holdings. Boeing (BA.US) resolved a three-month strike after machinists accepted a new labor deal.

Analysts warn the ongoing U.S. government shutdown’s economic impact could surpass the 2018–2019 disruption, with early data showing declines in auto and beer sales.