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Dow notches record high close; traders bet on end to government shutdown
Dow surged 1.19% to a record close amid progress to end a 53-day government shutdown while key AI stocks declined on valuation concerns, CFRA strategist said.
- On Tuesday, the Dow Jones Industrial Average reached a record closing 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, SoftBank disclosed a $1.5 billion Nvidia share sale and CoreWeave cut its forecast, weighing on related companies.
- The S&P 500 gained 0.22% while the Nasdaq Composite lost 0.25%, and ten of 11 S&P 500 sector indexes rose, led by the health care sector up 2.33%.
- Light trading volumes and U.S. bond markets being closed for Veterans Day affected market dynamics, while ADP preliminary payroll figures showed private employers shed an average of 11,250 jobs a week for the four weeks ended October 25.
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21 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 Sources21
Leaning Left2Leaning Right3Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 20%
C 50%
R 30%
Factuality
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