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1h ago

Dow Sets Record as House Prepares Vote to End Longest Shutdown

Investors look to the House vote to restart federal data that could shape the Fed’s December call.

Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration
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Overview

  • The Senate-passed stopgap to fund agencies now awaits a House vote expected Wednesday, after which the bill would head to President Trump for signature.
  • The package would restore suspended services and data releases, provide back pay to hundreds of thousands of workers, and keep the government funded through January 30.
  • Markets were mixed as the Dow rose 0.7% to a record 48,254.82, the S&P 500 was little changed, and the Nasdaq fell 0.3% as money rotated toward financials and healthcare.
  • AI-linked shares were choppy, with AMD jumping 9% on multi‑year AI growth targets as reports showed SoftBank sold its $5.8 billion Nvidia stake.
  • Traders priced roughly a 65% chance of a quarter-point rate cut in December, with the return of official reports expected to clarify a shutdown drag that the CBO pegs at about 1.5 percentage points off Q4 GDP.