Wall Street dips, Dow Jones gives up record highs

US stocks declined during Thursday’s trading session, despite the official announcement that the longest government shutdown in US history has come to an end.

Early on Thursday, the House of Representatives voted in favor of the temporary funding bill, which was then signed by President Donald Trump, immediately reopening the government after a shutdown that lasted from early October until Wednesday.

Meanwhile, global markets remain divided over the Federal Reserve’s upcoming decision in the December meeting. Investors see a 53 percent chance of a 25-basis-point rate cut and a 47 percent chance of no change, compared with a 96 percent probability of a cut just one month ago.

As for trading, the Dow Jones Industrial Average fell by 0.8 percent, or 392 points, to 47862 points by 16:40 GMT. The broader S&P 500 declined by 1.21 percent, or 84 points, to 6767 points, while the Nasdaq Composite dropped 1.9 percent, or 455 points, to 22955 points.