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Dow Jones Slumps as Government Shutdown Ties Record Length

Dow Jones Slumps as Government Shutdown Ties Record Length

The Dow Jones (DJIA) opened Tuesday’s trading session deep in negative territory as the government shutdown extends into its 35th day, tying the record set during President Trump’s first term. That shutdown, which stretched from late 2018 to early 2019, resulted from a border wall funding dispute.

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The current shutdown has disrupted air travel and Supplemental Nutrition Assistance Program (SNAP) benefits for millions of Americans. On Monday, the Trump administration said that it would provide $5.2 billion in SNAP payments for November, short of the estimated $9 billion.

When Will the Government Shutdown End?

The disruptions come amid elections in Virginia, New Jersey, and California and will provide a gauge of voter sentiment several months into Trump’s second term.

On prediction platform Polymarket, bettors assign 37% odds that the closure will stretch to at least November 16. The odds that the shutdown will end between November 8 and 11 trail behind at 28%.

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