Wall Street Records Set Amid Government Shutdown Concerns
Investors have shown resilience in the face of a government shutdown, with many opting to shift their assets into gold, Bitcoin, and foreign stocks as uncertainty looms. Despite these challenges, major stock indices like the Dow and S&P 500 have hit record highs, with traders displaying confidence that the impact of the shutdown may be limited. Healthcare stocks have buoyed the market, while concerns remain about the shutdown delaying crucial economic data including jobs reports. Economists warn that prolonged government closure could lead to potential market turmoil and negatively affect the fragile U.S. economy. Despite this, the overall market has managed to rise for four consecutive sessions, with actors largely unfazed for the time being.
Fortune, Yahoo Finance, Bloomberg.com, CNN, AP News, Yahoo, "Investors Business Daily", Pittsburgh Post-Gazette, The New York Times, U.S. Representative Ami Bera (.gov)