The major U.S. stock indexes advanced Tuesday after a breakthrough in Congress on funding legislation rekindled hopes that the federal government shutdown will soon end. The Dow Jones Industrial Average soared by about 559 points (+1.2 %) to close at 47,927.96, a fresh record high. S&P 500 added roughly 0.2 % to 6,846.61, while the Nasdaq Composite slipped about 0.3 % to 23,468.30, as tech-heavy stocks were weighed down by concerns over valuations and a major shareholder exit from Nvidia Corporation.
Why it matters
A closing record on the Dow amidst shutdown relief signals renewed risk appetite, but the tech drag and valuation concerns suggest the rally may have limits.
