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U.S. stocks slipped Thursday morning as investors sifted fresh earnings amid a government shutdown that’s obscuring key economic data. The S&P 500 fell 0.4%, the Dow lost 185 points, and the Nasdaq dropped 0.7% by 10:25 a.m. Eastern. DoorDash sank 14% after flagging higher product-development spending next year, while Datadog jumped 22.4% and Rockwell Automation rose 5.7% on forecast-beating results. With jobless claims missing and data gaps growing, the Fed faces tricky rate-cut calculus after two cuts this year; markets now see a 69% chance of a December cut. Treasury yields eased as European stocks edged lower.

Prepared by Christopher Adams and reviewed by editorial team.