02:06 PM EST, 11/04/2025 (MT Newswires) -- US benchmark equity indexes were lower intraday as investors parsed the latest corporate earnings, while a federal government shutdown was on track to become the longest on record.

The Nasdaq Composite was down 1.9% at 23,393.3 after midday Tuesday, while the S&P 500 fell 1.2% to 6,770.1. The Dow Jones Industrial Average lost 0.7% to 47,003.7. Among sectors, technology saw the steepest decline of 2%, while financials paced the gainers.

In company news, Norwegian Cruise Line ( NCLH ) shares tumbled nearly 15%, the worst performer on the S&P 500. The company issued a downbeat fourth-quarter adjusted earnings outlook following a third-quarter revenue miss.

Uber Technologies' ( UBER ) third-quarter results exceeded market estimates as trips grew by more than 20%, though the ride-hailing company issued a bookings outlook that implied a sequential slowdown in annual growth at the mid-point of the range. The company's shares slid 6%, among the steepest declines on the S&P 500.

Tesla (TSLA) shareholder Norges Bank Investment Management has decided to vote against the proposed $1 trillion compensation package for the electric vehicle maker's chief executive, Elon Musk. Tesla shares were down 4.6% intraday.

Yum Brands ( YUM ) shares surged 6.4%, among the top gainers on the S&P 500, after the company said it began exploring strategic options for its Pizza Hut brand, which continued to struggle amid falling comparable sales in the third quarter.

Advanced Micro Devices ( AMD ) , Arista Networks ( ANET ) , Amgen ( AMGN ) , Super Micro Computer ( SMCI ) , Pinterest ( PINS ) and Rivian Automotive ( RIVN ) are some of the major companies scheduled to report after the closing bell Tuesday.

US Treasury yields were lower intraday, with the 10-year rate down 2.4 basis points at 4.09% and the two-year rate losing 2.2 basis points to 3.58%.

The US Senate was once again unable to advance a House-passed continuing resolution to end the government shutdown, which is now into its 35th day, matching the length of the 2018-2019 stoppage, CBS News reported Tuesday.

The US Department of Transportation might have to close "certain parts of the airspace" if the shutdown stretches into next week, CBS News reported, citing Transportation Secretary Sean Duffy.

West Texas Intermediate crude oil was down 0.5% at $60.73 a barrel intraday.

The Supreme Court is scheduled to hear arguments Wednesday on whether US President Donald Trump exceeded his authority under the International Emergency Economic Powers Act, or IEEPA, to impose sweeping tariffs.

In an interview with CNBC on Tuesday, Treasury Secretary Scott Bessent expressed confidence that the Trump administration will prevail.

"There are lots of other authorities that can be used, but IEEPA is by far the cleanest, and it gives the US and the president the most negotiating authority," Bessent reportedly said. "The others are more cumbersome, but they can be effective."

Gold was down 1.5% at $3,953 per troy ounce, while silver fell 1.9% to $47.16 per ounce.