S&P 500 rises to fresh record as traders shrug off U.S. government shutdown
The S&P 500 rose to a fresh all-time high on Thursday as investors appeared to shrug off concerns tied to the latest U.S. government shutdown
The broad market index climbed 0.1%, while the Nasdaq Composite scaled 0.3% and had hit a new all-time intraday record as well. The Dow Jones Industrial Average fell 47 points, or 0.1%. The market’s move higher was led by a 1% gain in Nvidia shares, which also reached an all-time high, as investors continue to pile into the artificial intelligence giant.
The three major U.S. stock indexes closed in the green on Wednesday on hopes that a federal funding lapse would be brief and therefore limit any serious effects on the U.S. economy. The S&P 500 notched its 29th closing high of the year, finishing above the 6,700 threshold for the first time, after the index hit a new all-time intraday high earlier in the day. The Dow Jones Industrial Average also saw a record close in the prior session.
Source: CNBC.com
