S&P 500, Nasdaq 100 Hit New Records Despite US Government Shutdown
Despite the ongoing US government shutdown, investors have propelled the S&P 500 and Nasdaq Composite to fresh record highs. Meanwhile, the DAX is poised for a 0.7% gain on Thursday, eyeing its July peak.
Thursday saw the S&P 500 reach an all-time high of 6,731.94 points, while the Nasdaq Composite climbed to 24,944.75 points. This remarkable feat was driven by robust performances in US pharmaceutical and technology sectors, with Nvidia and Lam Research leading the charge. This bullish trend occurred despite the US government shutdown, which commenced on Wednesday, marking the 21st such event since the 1970s.
In Europe, the DAX is set to rise by 0.7% on Thursday, with the X-Dax indicating an increase to 24,274 points. The German index is on course to surpass its July record high of 24,639 points, reflecting a positive sentiment among investors.
The US government shutdown has not deterred investors from pushing the S&P 500 and Nasdaq Composite to new records, with pharmaceutical and technology companies driving the growth. In Europe, the DAX is expected to gain ground and challenge its July peak.
