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Brushing off the government shutdown, the Dow finished the day up 238 points for a record close, though off its session highs above psychologically-significant 47,000. The S&P 500 barely eked out an all-time closing high, with both indexes securing "perfect weeks" with their sixth-straight wins. Though the Nasdaq pulled back from its intraday record to snap a five-day win streak, the tech-heavy benchmark still turned in a strong weekly gain as investors turned back toward AI.
Continue reading for more on today's market, including:
Oil prices rose for the first day in five, after news of the Organization of the Petroleum Exporting Countries and its allies' (OPEC+) potential increases to crude supply. November-dated West Texas Intermediate (WTI) crude rose 56 cents, or 0.93%, at $61.04, but still fell nearly 7% for the week.
U.S. gold futures for December delivery settled over 1% higher at $3,908.9 per ounce today. Investors have been flocking to the safe-haven asset to the tune of a 3% weekly win, its seventh straight.
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