FX.co ★ Dow Remains at Record, S&P 500 and Nasdaq Cut Gains

The Dow Jones Industrial Average climbed more than 400 points to reach a new record high, fueled by growing optimism that the end of the government shutdown is imminent. Lawmakers have reconvened in Washington to vote on a proposal intended to resume funding for federal agencies, which has been halted since October 1. Contributing to the index's strong performance were key financial stocks, such as Goldman Sachs, JPMorgan, and American Express, all of which reached new record levels. In contrast, the S&P 500 and the Nasdaq experienced slight declines. Although the semiconductor and financial sectors showed gains, technology stocks weighed them down. Notably, AMD's shares jumped over 8% after the company forecasted faster-than-anticipated revenue growth, providing a boost to the broader semiconductor market, with Broadcom and Qualcomm seeing gains of 1% and 1.4%, respectively.