The stock market was back at record levels on Wednesday as Wall Street shrugged off the government shutdown and some weak private sector jobs data.
The S&P 500 rallied 0.3% after opening lower to hit its 29th record close of 2025. The Dow Jones Industrial Average rose 43 points, or 0.1%, to set a fresh closing high. The Nasdaq Composite rose 0.4% to move back within striking distance of its Sept. 22 closing high.
Stocks opened lower, which led some to attribute the weakness to the start of the government shutdown. Bespoke Investment Group co-founder Paul Hickey was incredulous.