Daily Stock Market Update: Dow Sets Record
Tech stocks are falling as the Dow Jones reaches a record high on Wednesday as the government shutdown winds down.
Quick overview
- The Dow Jones closed at an all-time high of 1.2% on Tuesday, while the Nasdaq and S&P 500 experienced declines.
- The government shutdown, now in its 43rd day, may soon come to an end, boosting investor confidence.
- Technology stocks are struggling, with significant losses reported by companies like Bitfarms, Oracle, Google, and Microsoft.
- Healthcare and banking stocks are performing well, providing a safer investment alternative amid tech market volatility.
The Dow Jones closed at an all-time high on Tuesday, and the stock market is set to climb this week as a result, helped along by an impending end to the government shutdown.

The Dow closed up 1.2% on Tuesday, achieving a record high, but its performance has not spread to the other indices, which are down today. The Nasdaq fell 0.61%, and the S&P 500 dropped 0.13% as tech stocks struggled.
The government shutdown may be coming to an end soon. A vote from the House of Representatives moved the budget bull forward despite attempts from the democratic party to make some changes. The next step is for President Donald Trump to sign the bill and pass it into legislation.
Stocks React to News of Shutdown Ending
The government shutdown is in its 43rd day so far, and it has caused many government agencies to almost completely stop functioning while the budgetary issues are decided by the Senate. As a result, stocks have been volatile from one day to the next and the cryptocurrency market has lost much of its October gains.
As news broke on Tuesday that the shutdown may be ending soon, stocks climbed across all three major indices. With a shutdown in sight, investors are expecting to see stocks recover from weeks of downward trends.
The stocks struggling the most right now are technology ones, with Bitfarms (BITF) down 7.4% and Oracle (ORCL) dropping 3.8%. Google (GOOGL) lost 2.4% over the last day, and Microsoft (MSFT) fell 1.4%. Tech stocks are under pressure right now because of high tariffs and concerns that the artificial intelligence market could lose its relevancy in the near future. Investors are also concerned about the recurring expenses that come with AI technology and the massive investments that companies are having to make to keep up with the market.
The Dow remains near its record high with excellent performances from healthcare and banking stocks. These are assets that are not as likely to be hurt by changing technology fads or by strict tariffs, and they may be some of the most reliable options for investors trying to steer clear of troubled tech stocks.
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