The Dow Jones Industrial Average climbed to another record close on Wednesday (Thusrday AEDT) in a mixed session for major benchmark averages, as investors continued to rotate into value stocks and looked ahead to a potential end to the record-breaking United States government shutdown.
The Dow rose 326 points, or 0.7%, to finish at 28,254.8. The S&P 500 added 4.3 points, or 0.1%, to 6,850.9, while the Nasdaq Composite slipped 0.3% as profit-taking in growth and technology names persisted.
Optimism over Washington’s progress on reopening the federal government buoyed sentiment. The Senate approved a spending bill on Monday evening, which has since moved to the House of Representatives for a final vote.
Banking stocks led the Dow’s advance, supported by easing Treasury yields. Shares of Goldman Sachs rose 3.5% and JPMorgan Chase gained 1.5%, helping the Financial Select Sector SPDR Fund climb 0.9%.
Among individual movers, Advanced Micro Devices jumped 9% after the chipmaker unveiled bullish long-term growth targets at its Financial Analyst Day.
The company projected its data centre revenue could grow by about 60% annually over the next three to five years, reinforcing optimism around AI-driven infrastructure demand.
In contrast, shares of Circle Internet fell 12.2% despite the stablecoin issuer reporting earnings and revenue above expectations. The company said it now accounts for 29% of the global stablecoin market, though its stock has tumbled 40% over the past three months amid a broader selloff in digital asset-linked equities.
On the bond markets, yields edged lower, with the 10-year Treasury yield down 1.3% to 4.067% and the 2-year yield easing 0.8% to 3.568%.
