U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.

A consumer expectations survey from the New York Federal Reserve showed worsening future expectations and rising inflation projections, drawing heightened attention amid the government’s seventh day of closure.

Economically sensitive sectors, including homebuilding, real estate, airlines, and transport, underperformed the broader market.

Federal Reserve Governor Stephen Miran emphasised the need for continued rate cuts while warning of the risks of keeping policy too restrictive.

The S&P 500 fell 25.69 points, or 0.38%, to 6,714.59, the Nasdaq Composite lost 153.30 points, or 0.67%, to 22,788.36, and the Dow Jones Industrial Average dropped 91.99 points, or 0.20%, to 46,602.98.

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