Stock Market Update

[BRIEFING.COM] The S&P 500 (flat), Nasdaq Composite (-0.4%), and DJIA (+0.7%) remain seated in a mixed fashion as the market enters the final hour of today's session. 

A handful of macro headlines have crossed the wires this afternoon, though none have had a significant impact on the major averages. 

White House Press Secretary Karoline Leavitt said that the October jobs and CPI reports will likely never be released due to the government shutdown and added that Q4 GDP will likely be 200 basis points lower due to the shutdown. 

Some investors looked forward to the end of the shutdown with hopes that data releases would show further softening in the labor market and prompt the FOMC to cut rates again in December. 

The CME FedWatch Tool currently assigns a 65.4% probability of a 25-basis-point rate cut at the December FOMC meeting, holding steady from 66.9% yesterday. 

National Economic Council Director Kevin Hassett told Bloomberg that he believes rates could be "a lot lower" and added he would accept the Fed Chair nomination if offered by President Trump.