US stock markets hit all-time highs amid government shutdown
On Friday, US stock markets soared to all-time highs—even with a government shutdown in the background.
The Dow jumped 366 points to 46,238, while the S&P 500 and Nasdaq also set new records.
The Russell 2000 small-cap index climbed another 1.4%, adding to its strong run this year.
Factors behind the surge
It's all about excitement around artificial intelligence (AI) and hopes for a Fed rate cut at the end of October.
Lower Treasury yields (around 4.11%) are making riskier bets more attractive, so investors are feeling bold despite political drama.
AI buzz continues to drive markets
Demand for AI and semiconductor tech is still rising fast, even as some economic data gets delayed by the shutdown.
Big names like Johnson & Johnson and USA Rare Earth have seen their shares pop thanks to upgrades and White House talks, reflecting a market sentiment that favors optimism over uncertainty for now.