Dow surges as traders bet on end to government shutdown


The S&P 500 climbed 0.21% to end at 6,846.61 points. The Nasdaq declined 0.25% to 23,468.30 points, while the Dow rose 1.18% to 47,927.96 points.

NEW YORK: The Dow Jones Industrial Average surged to a record high close on Tuesday, lifted by progress toward ending the longest US government shutdown, while Nvidia and other artificial intelligence-related companies fell on renewed concerns about elevated valuations.

Fueling gains in the Dow and S&P 500 index, members of the US House of Representatives headed back to Washington after a 53-day break for a vote that could end the shutdown, with the Polymarket betting platform fully pricing in a resolution this week.

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