Market Tremors: Stocks Tumble as Gold and Netflix Share Slump

Major stock indexes fell as Netflix shares dropped and gold prices declined. Wall Street's main indexes ended lower, influenced by Netflix and Tesla's performance. The U.S. government shutdown and trade tensions with China added to market volatility, while the Federal Reserve considered future rate cuts amidst economic uncertainty.

Major stock indexes witnessed a downturn on Wednesday, influenced by a 10.1% drop in Netflix shares following its unsatisfactory outlook. This added pressure on the market, compounded by a substantial decline in spot gold prices, marking the sharpest single-day drop in over five years.

Wall Street's primary indexes concluded the day in the red, with the Dow Jones, S&P 500, and Nasdaq all experiencing declines. Investor sentiment was also shaken by impending trade tensions as the Trump administration considered restricting a wide range of U.S. exports to China in response to Beijing's recent international trade policies.

Further complicating the market landscape was the enduring U.S. government shutdown, now in its 22nd day, which has left economic policymakers grappling with a lack of crucial data. Meanwhile, the Federal Reserve is expected to implement two additional rate cuts before year-end, as officials remain divided on the primary risks confronting the U.S. economy.

(With inputs from agencies.)