Stock market today: Dow, S&P 500, Nasdaq fall as Netflix sinks, Tesla earnings loom

Market Overview - US stocks experienced a decline, with the Dow Jones Industrial Average falling 0.7% (over 300 points), the S&P 500 down approximately 0.5%, and the Nasdaq Composite leading losses at around 1% [1] - The market is reassessing following a strong start to third quarter earnings, particularly with Tesla's upcoming quarterly report [2] Company Performance - Netflix's stock dropped about 10% after missing earnings expectations, influenced by a tax dispute in Brazil [3] - Mattel's shares also fell due to disappointing North American sales [3] Economic and Trade Developments - Ongoing trade tensions with China are causing market uncertainty, with President Trump potentially considering significant restrictions on US software exports to China [4] - The US and India are reportedly nearing an agreement to reduce tariffs on Indian exports from 50% to as low as 15% [4] Economic Data - The US federal shutdown has delayed official economic releases, with the next major data point being the September Consumer Price Index report [5] - This inflation report is expected to influence expectations for the Federal Reserve's upcoming meeting, where a 25 basis point interest rate cut is widely anticipated [5]