U.S. Stock Markets Decline Amid Trade Tensions and Budget Issues

Pressure on the Dow Jones Index

After the closing of the New York stock exchange, the Dow Jones index declined by over 300 points, falling by %0.71 to 46,590.41 points. In addition, the S&P 500 index decreased by %0.53, settling at 6,699.44 points, while the technology-focused Nasdaq index dropped by %0.93, reaching 22,740.40 points.

Trade Tensions Worry Investors

The escalating trade tensions between the U.S. and China continue to draw investor attention. In particular, the possibility of the Trump administration imposing restrictions on software-related exports in retaliation for China's rare earth element export limitations has negatively impacted risk appetite. Uncertainties regarding President Trump's planned discussions with Chinese President Xi Jinping have also heightened investor concerns. Amid this uncertainty, U.S. Treasury Secretary Scott Bessent is preparing to travel to Malaysia to meet with Chinese officials.

Budget Dispute Persists

Meanwhile, the ongoing budget dispute in the country continues to keep the federal government closed, creating a negative atmosphere in the markets. President Trump blames Democrats for the government shutdown, stating that he is open to negotiations only if a temporary budget bill is approved.

Netflix and Other Companies' Earnings Results

One notable situation during the earnings season is Netflix. The company's third-quarter profit, announced yesterday, fell below market expectations, leading to a %10.1 decline in its stock. Semiconductor manufacturer Texas Instruments experienced a %5.6 drop after its fourth-quarter revenue forecast was lower than expected. Meanwhile, telecommunications giant AT&T attracted attention with an increase in subscriber numbers in the third quarter, although its shares fell by %1.9. Analysts note that they are eagerly awaiting Tesla's earnings report after today's market close.