"The Dow Jones Industrial Average reached 46,441.10 on the first day of the shutdown. Since October 1, it has grown over 4%, reaching over 48,000 for the first time on Wednesday, November 12. While the record number came as the shutdown's end became a sure thing, the Dow had continued to rise throughout the period. The S&P 500 also followed a mostly upward trajectory throughout the shutdown. It opened at 6,664.92 on October 1 and closed at 6,850.92 on Wednesday."
"The tech-heavy Nasdaq Composite also grew about 4% during the shutdown period, even despite concerns of an AI bubble that had dinged shares of major tech companies like Nvidia and Palantir earlier this month. Both Bloomberg and, more recently, MarketWatch point to historically elevated stocks that have created what many see as inflated valuations for quite a few companies, including many in the tech industry."
A 43-day U.S. government shutdown ended after disrupting government services, flights, and federal workers' paychecks. Major stock indices rose during the shutdown: the Dow Jones Industrial Average climbed from 46,441.10 and grew over 4% to exceed 48,000; the S&P 500 moved from 6,664.92 to 6,850.92; the Nasdaq gained roughly 4% despite AI-bubble concerns that pressured some tech shares. Historically, shutdowns have produced little market impact, with the S&P 500 showing almost no average change across prior shutdowns. Bloomberg and MarketWatch note a long bull run and historically elevated valuations across many stocks, especially in technology.
Read at Fast Company
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