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US stock futures were little changed Tuesday night, as Wall Street digested a rotation out of Big Tech into more defensive corners of the market and awaited a key congressional vote to end the longest government shutdown in US history.
For only the third time in 10 years, the S&P 500 is poised to lag behind dozens of countries, even in a year of record highs.
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Tuesday is shaping up to be a bit of a hangover for the stock market. Signs that the federal government was close to reopening sent stocks sharply higher on Monday. Tech stocks led those gains, bounci
Indeed, the blue chip Dow Jones Industrial Average finished the day up 1.2% at 47,927XX – a new record closing high – and the broader S&P 500 was 0.2% higher at 6,846. The tech-heavy Nasdaq Composite was down 0.3% at 23,468.
The Dow, S&P 500, and Nasdaq rose as the stock market digested a Senate vote that raises hopes for an end to the U.S. government shutdown.
Shutdown progress propels stocks; Bond yields, gold, bitcoin also rise
The U.S. stock market closed mostly higher Friday, but it was a tough week for tech as the government shutdown continued.
The Nifty 50 has gained 200 points in the two trading sessions so far this week. From Friday's lows, that recovery has been nearly 400 points. The bulls would also be pleased as the index closed at the highest point of the session.