US Government Shutdown Nears Resolution as DJIA Surpasses 48,000 for the First Time; Nasdaq Declines
Market Performance: The U.S. stock market showed mixed results with the DJIA reaching an all-time high of 48,254, while the S&P 500 remained nearly flat and the Nasdaq experienced a slight decline.
Government Shutdown Impact: Investors anticipated the end of the longest government shutdown, leading to increased investments in the financial sector, with major banks like Goldman Sachs and JPMorgan hitting new highs.
Consumer Sentiment: The Michigan Consumer Sentiment for November dropped to 50.3, below the previous value of 53.6 and the forecast of 53.2, indicating a decline in consumer confidence.
AI Stocks Volatility: AI-related stocks faced volatility due to concerns over high valuations, with Advanced Micro Devices seeing a significant rise, while Oracle and Palantir experienced declines.
About the author









