Dow Dips as Nasdaq Rises 0.45% as Government Prepares to Shut Down
Stocks are mostly up today ahead of a potential government shutdown but the Dow is struggling slightly though still near record highs.
Quick overview
- The U.S. government is facing a shutdown on Wednesday unless an agreement is reached, while the stock market shows mostly positive movement.
- The Dow is down 0.1%, but the Nasdaq Composite and S&P 500 have seen increases of 0.45% and 0.17%, respectively.
- Tech stocks are performing well, with Alphabet up 30% and Electronic Arts gaining 4.66% after being sold for $55 billion.
- Despite recent dips, major indices like the Dow and Nasdaq are close to their all-time highs, driven by strong performances in technology stocks.
The U.S. government will be shutting down on Wednesday unless an agreement can be reached, and the stock market is showing mostly positive movement.
The Dow is down 0.1% for Monday as the new week starts and a government shutdown looms, but the Nasdaq Composite has climbed 0.45%. The S&P 500 is likewise up, with an increase of 0.17%.
Tech stocks are doing well, with Alphabet (GOOG) up by 30% and Microsoft (MSFT) gaining 0.66% for the morning. It appears that investors are not very worried about the risk of a government closure over the budget. The big gainer in the tech niche is Electronic Arts (EA) with an increase of 4.66%. The company went private and was sold for $55 billion to Saudi private equity firm Silver Lake.
Stock Market Coming out of the Red
Stocks are in a tricky place right now, with the major indices ending last week in the red. That was quite a change from previous weeks when stocks had hit all-time highs. Now, they are starting to climb again, but will it be enough to regain those recent highs?
Despite the dip today, the Dow Jones is still very close to its record high. At 46,186 points, the Dow is close to its all-time high of 46,381 from exactly one week ago. So, even though it appears that the last few days of trading have been rough on that index, the truth is that it is tantalizingly close to hitting a new high.
The Nasdaq Composite likewise hit its record high a week ago, and even though it is up today, it is still a little off from its record high. The stock index is doing well thanks to excellent movement from technology stocks. Many of those are at their all-time highs as well or very close. The highest performers on the Nasdaq right now are smaller companies that most traders would not recognize, so they are likely riskier investments, but the stalwart tech stocks like Tesla (TSLA, Alphabet, Microsoft, and Apple (APPL) are all experiencing incredible highs and may have their best September performances ever in 2025.
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