U.S. Stocks Surge Despite Government Shutdown
U.S. stocks climbed on Friday, shrugging off the government shutdown. The Dow Jones, S&P 500, and Nasdaq all reached new highs. Investors seem unfazed by the shutdown, focusing instead on AI deals.
Despite the government shutdown, the Dow Jones gained 180 points. The S&P 500 rose by 0.28%, nearing its latest peak. the tech-heavy Nasdaq and the small-cap Russell 2000 also saw gains. The shutdown delayed the September jobs report,a key economic indicator. But the market’s bullish mood remained strong. AI-related deals fueled optimism. OpenAI’s $500 billion valuation is a prime example.
