Market Wavers Amid Economic Uncertainty and Shutdown Threats

Wall Street's main indexes remained nearly flat on Tuesday, burdened by feeble economic data and looming threats of a U.S. government shutdown, sparking concerns over delayed economic reports and uncertain Federal Reserve plans.

With inflated valuations, investors were banking on a dovish Fed to sustain gains throughout the year, hence any disruption would elevate concerns. Past shutdowns have minimally impacted the market, but some analysts worry this one might be disruptive amid fragile economic conditions. Reports showed a marginal rise in job openings while consumer confidence dipped unexpectedly. Mark Luschini from Janney Montgomery Scott noted the market's delicate balance that could shift quickly.

Trading was sluggish, yet the quarter may conclude with gains across major indices. Healthcare stocks rose, influenced by Pfizer's significant climb. Airlines faced pressure over shutdown threats, potentially crippling aviation operations. Fed officials warned about job market stresses sans central support. Individual stocks saw mixed performance with some, like Wolfspeed, soaring upon exiting bankruptcy, while others, like Firefly Aerospace, plunged after a testing mishap.

(With inputs from agencies.)