"Stocks Slide as Fed Fallout and Shutdown Concerns Weigh on Market"

Stocks tumbled on Tuesday as investors grappled with the likelihood that the Federal Reserve won't cut interest rates anytime soon. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experienced declines, putting them on track for a losing month. The prospect of "higher for longer" interest rates and concerns about a government shutdown weighed on the markets. Additionally, consumer confidence declined for the second consecutive month, reaching its lowest levels since May.