Market Reaction: Opendoor, GoPro, Offerpad, Purple, and Topgolf Callaway Shares Plummet Amid Economic Concerns.

Several stocks, including Opendoor, GoPro, Offerpad, Purple, and Topgolf Callaway, have plummeted in the afternoon session due to negative economic data pointing to a weak economy. The Survey of Consumer Expectations from the New York Fed revealed rising short-term inflation expectations and a deteriorating labor market outlook. The U.S. government shutdown has also weighed on sentiment, threatening to impact incomes and purchasing power.

The U.S. government shutdown, which began on October 1, 2025, has halted the release of key economic data, causing uncertainty among policymakers and investors. The shutdown has temporarily suspended the collection and distribution of data by the Bureau of Labor Statistics, Bureau of Economic Analysis, and Census Bureau U.S. Government Shutdown Halts Key Economic Data Releases^[1]. This disruption comes at a critical time when investors are seeking clarity on the health of the U.S. job market, inflation trajectory, and consumer spending.

The shutdown has delayed several key economic reports, including the Employment Trends Index from The Conference Board, international trade data from the Bureau of Economic Analysis and Census Bureau, and the Consumer Price Index from the Bureau of Labor Statistics U.S. Government Shutdown Halts Key Economic Data Releases^[1]. While private-sector data sources will continue to release information, some series rely on government reports and will also cease publication during the shutdown.

The stock market, however, has shown resilience, with the S&P 500 finishing the week at a record high despite the shutdown Here are the 3 big things we're watching in the stock market this week^[2]. Investors are largely optimistic that the shutdown is temporary and will not materially alter the trajectory of the U.S. economy or corporate profits. The market's focus remains on the usual economic indicators, and private-sector data has partially filled the void. However, the absence of official economic data has made it challenging for investors to forecast the Federal Reserve's upcoming policy moves.

The shutdown has also raised concerns about the economic consequences, particularly if it lasts for an extended period. Strategists at UBS caution that Trump's threat of firing federal workers and cutting other spending programs could amplify the downside effects, raising uncertainty about the number of employees affected and potential litigation Here are the 3 big things we're watching in the stock market this week^[2].

In addition to the shutdown, several stocks, including Opendoor, GoPro, Offerpad, Purple, and Topgolf Callaway, have plummeted in the afternoon session due to negative economic data pointing to a weak economy. The Survey of Consumer Expectations from the New York Fed revealed rising short-term inflation expectations and a deteriorating labor market outlook . The U.S. government shutdown has also weighed on sentiment, threatening to impact incomes and purchasing power.

Investors are closely watching the shutdown and the economic data it has delayed. The market's resilience suggests that investors are confident in the short-term impact of the shutdown, but the longer it lasts, the more significant the economic consequences could become.