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Dow notches record high close; traders bet on end to government shutdown
The Dow rose 559 points, boosted by the prospect of ending a 53-day government shutdown that lifted market confidence despite declines in AI stocks.
- On Tuesday, the Dow Jones Industrial Average closed at a record high, rising 559.33 points or 1.19% to 47,934.46.
- Members of the U.S. House of Representatives returned to Washington after a 53-day break to vote on ending the shutdown, while the Polymarket betting platform had fully priced in a resolution this week.
- Adding to jitters about AI-related stocks, Nvidia and peers fell on renewed concerns about elevated valuations, while SoftBank Group disclosed a $5.8 billion sale of Nvidia shares and CoreWeave cut its revenue forecast.
- The S&P 500 gained 0.22% while the Nasdaq Composite lost 0.25%, showing mixed market leadership, and ten of the 11 S&P 500 sector indexes rose, led by health care up 2.33%.
- Light trading volumes and U.S. bond markets being closed for Veterans Day affected market dynamics, with ADP preliminary payroll figures showing an average of 11,250 jobs shed weekly through October 25.
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28 Articles
28 Articles
Asia-Pacific markets set to rise after mixed trading on Wall Street on hopes of U.S. government shutdown ending; AI trade pullback
Asia-Pacific markets was set to climb Wednesday, after Wall Street traded mixed on hopes of the U.S. government shutdown ending and a pullback in AI stocks.
·United States
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Dow hits record high as shutdown end nears, AI stocks fall | Honolulu Star-Advertiser
The Dow Jones Industrial Average surged to a record high close today, lifted by progress toward ending the longest U.S. government shutdown, while Nvidia and other artificial intelligence-related companies fell on renewed concerns about elevated valuations.
·Honolulu, United States
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Dow notches record high close; traders bet on end to government shutdown
The Dow Jones Industrial Average notched a record high close on Tuesday, lifted by progress toward ending the longest U.S. government shutdown, while Nvidia and other artificial intelligence-related companies fell on renewed concerns about elevated valuations.
·United Kingdom
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Coverage Details
Total News Sources28
Leaning Left2Leaning Right3Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 18%
C 55%
R 27%
Factuality
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