Stock Market Today: Stocks Swing Lower as Government Shutdown Nears

The main benchmarks erased some if not all of their early morning gains, putting the lid on a tough month and quarter.

closeup of the outside of the capitol rotunda
(Image credit: Getty Images)

Stocks jumped at the open as an encouraging reading on inflation sent Treasury yields lower. The main benchmarks lost steam as the session wore on, however, as brinkmanship in Washington D.C. has the U.S. government all but likely to shut down over the weekend.   

Ahead of the opening bell, the Bureau of Economic Analysis said its August personal consumption and expenditures (PCE) index, the Fed's preferred measure of inflation that tracks consumer spending, was up 0.4% month-over-month and 3.5% year-over-year – both figures higher than what was seen in July.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.