FX.co ★ US Stocks Gain, Dow Climbs to New High

On Wednesday, US stock markets experienced gains, with the S&P 500 and Nasdaq edging up by 0.2%, while the Dow Jones Industrial Average rose by 250 points, achieving a new record high. Market sentiment was uplifted by the hope that the government shutdown might soon resolve, as the House of Representatives reconvened in Washington to vote on an agreement to reinstate funding for federal agencies following the shutdown that commenced on October 1st. Investors also turned their attention to the latest round of corporate earnings updates. Notably, Advanced Micro Devices (AMD) saw its shares soar by over 8% after projecting accelerated sales growth, positively impacting the wider technology sector. Broadcom and Qualcomm also enjoyed gains of 1% and 1.4%, respectively, while Nvidia experienced fluctuations between minor gains and losses. The financial sector also demonstrated robust performance, with JPMorgan rising by 1.5% and Morgan Stanley advancing 1.9%.