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Dow Hits Record as Shutdown Deal Advances and Tech Weakens

Investors expect a House vote on the Senate funding bill to clear the path for reopening the government.

Overview

  • Senators approved a stopgap funding measure to end the record shutdown, with a House vote expected as soon as Wednesday before the bill goes to President Trump.
  • The Dow jumped 559 points to 47,927.96 for a record close, while the S&P 500 edged higher and the Nasdaq slipped 0.25% on a rotation into less tech‑heavy sectors.
  • Nvidia fell about 3% after SoftBank disclosed it sold its entire stake for roughly $5.83 billion, and CoreWeave tumbled after trimming its revenue outlook.
  • Private payroll data from ADP showed recent weekly job losses, pushing the dollar lower and boosting market odds of a Federal Reserve rate cut in December.
  • With the U.S. bond market closed for Veterans Day, trading volumes were light, and investors looked to a potential reopening to restart delayed economic data releases.