U.S. Government Shutdown Causes Stocks to Plummet, Economic Uncertainty Looms Large

Several stocks, including KB Home, Taylor Morrison Home, nLIGHT, Meritage Homes, and Tri Pointe Homes, have fallen as investors grow anxious due to the US government shutdown. The shutdown is causing economic uncertainty and disruptions, including delays at major airports. Chief Economist Mark Zandi warned that 22 states are showing signs of recession, and households' short-term inflation expectations are rising while their labor market outlook is deteriorating.