US stocks were little changed on Tuesday, with the three major indexes hovering around the flatline as investors adopted a cautious stance ahead of a potential government shutdown that could disrupt the release of key labor data later this week.
The government faces the risk of shutting down tomorrow if Democrats and Republicans fail to reach a deal today, putting Friday's payrolls report at risk. Traders also awaited the JOLTS job openings data due later in the day.
Energy and communication services were the worst performing sectors while utilities outperformed. Microsoft (-0.6%), Amazon (-0.9%), Alphabet (-1.1%), Meta (-1.4%) and Tesla (-0.9%) were all in the red. For September, the S&P 500 is up more than 3%, on track for its best September in 15 years, while the Dow Jones has gained 1.7% and the Nasdaq has surged 5.3%. In the third quarter, the S&P 500 advanced 7.4%, the Dow rose 1.7%, and the Nasdaq jumped nearly 11%.
Source: Trading Economics
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