Dow notches record high close, traders bet on end to government shutdown
Tue November 11, 2025 4:22 PM
Yesterday, the market reacted with great exuberance over the news that the shutdown would likely end soon and today, at least with industrials, the exuberance continued in force with the Dow rising continuously throughout the day and closing up 599 points. Unfortunately, it wasn’t enough to allay the fears in tech of stretched valuations and a possible coming bubble in AI.
Both the Nasdaq and S&P spent most of the day in the red, the Nasdaq sinking more than 200 points in the morning but recovering most but not quite all losses by close. The S&P did make it into the black in the afternoon but only modestly so. There was also weak news in yet another private labor report that showed increasing job losses but this did not seem to be enough to dampen enthusiasm. Given the holiday, volume was considerably thinner than the 20.8 billion average, coming in at 15.3 billion.
DJ: 47,368.63 +381.53 NAS: 23,527.17
+522.64 S&P: 6,832.43
+103.63 11/10
DJ: 47,927.96 +559.33 NAS: 23,468.30
-58.87 S&P: 6,846.61
+14.18 11/11
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