Markets Unfazed by Government Shutdown as US Stocks, Yields Hold Steady

Wall Street shrugged off the second day of the U.S. government shutdown, with stocks and bonds little changed on Oct. 2.
The S&P 500, a broad market index, reached a new all-time intraday high but pared its gains and slipped about 0.1 percent. The S&P 500 is looking to register another sizable weekly boost.
The blue-chip Dow Jones Industrial Average dipped 0.2 percent in intraday trading and is on track for a modest weekly gain. This year, despite the springtime selloff, the Dow Jones is up 9 percent.
The tech-heavy Nasdaq Composite Index rose 0.1 percent to a record high. The Nasdaq has surged 18 percent year-to-date and is also poised for a solid weekly increase…. 

Leave a Reply