Overview
- After Senate approval earlier in the week, the House advanced the stopgap funding bill to the White House for President Trump’s signature Wednesday night, clearing the way for shuttered agencies and delayed reports to restart.
- The Dow rose 0.7% to a record 48,254.82 for a second straight all‑time high, the S&P 500 was roughly flat, and the Nasdaq fell about 0.3% as tech lagged.
- Investors shifted toward financials, healthcare and industrials, with gains in names such as Goldman Sachs and UnitedHealth helping lift the price‑weighted blue‑chip index.
- ADP’s weekly update pointed to net private‑sector job losses and NFIB optimism slipped to a six‑month low, pushing market pricing to roughly a two‑thirds chance of a 25‑bp Fed cut in December, per CME FedWatch.
- AI and semiconductor shares swung on cross‑currents, including SoftBank’s sale of its Nvidia stake and a CoreWeave delay, even as AMD jumped on robust multi‑year AI growth targets and investors looked ahead to Nvidia’s Nov. 19 results.