Stock market today: Dow tumbles 800 points with Nasdaq, S&P 500 hammered as investors pare rate cut bets

Market Overview - US stocks experienced a sharp decline, primarily driven by a drop in tech stocks, following the end of the longest US government shutdown [1][2] - The Nasdaq Composite fell 2.3%, the S&P 500 decreased by 1.6%, and the Dow Jones Industrial Average dropped 1.6%, equivalent to 797 points [2] Economic Impact - President Trump signed a bill to end the 43-day federal shutdown, but officials indicated that economic reports delayed by the shutdown "will be permanently impaired" and may never be released [3] - The uncertainty surrounding economic data, particularly regarding inflation and the jobs market, complicates predictions for interest rate cuts by the Federal Reserve [4] Interest Rate Outlook - Market expectations for a December interest rate cut have shifted significantly, with a 50-50 chance now compared to approximately 95% a month ago, influenced by recent hawkish comments from Federal Reserve officials [4] Company Performance - Major tech stocks faced significant losses, with Nvidia falling over 3.5% and Tesla declining more than 6%, marking the steepest losses among the "Magnificent Seven" tech stocks [5] - Disney's stock dropped over 7.5% following the release of disappointing earnings [5]