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Informist, Thursday, Nov. 13, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Dow Jones hits record high Wed amid hope of govt reopening

 

MUMBAI--0758 IST--The Dow Jones Industrial Average index in the US hit a record high and closed higher Wednesday, buoyed by signs of the US government reopening after a 53-day shutdown. The technology-heavy Nasdaq Composite fell due to losses in index heavyweight Amazon and a decline in several artificial-intelligence related stocks amid renewed concerns about elevated valuations.

 

Members of the US House of Representatives were set to vote on a resolution that could end the shutdown of the government. The US Senate had passed a spending bill that had created a political deadlock in the US government. "Expectations are that the shutdown is over...People will get back to work, economic data will be released once again and uncertainty will be behind us," Sam Stovall, CFRA chief investment strategist, was quoted as saying in a Reuters report.

 

Shares of banks such as Goldman Sachs, JPMorgan Chase, and American Express rose 1-3%. Shares of Morgan Stanley, Wells Fargo and Bank of America scaled record highs, CNBC reported. 

 

Shares of AI companies continued to be volatile, as traders were concerned about the expensive valuation of such stocks following their recent surge. Shares of CoreWeave fell over 3?ter the cloud company trimmed its annual revenue forecast. Oracle and Palantir Technologies shed nearly 4?ch. However, AMD shares jumped 9?ter the chip designer unveiled a $100-billion data-centre revenue target. 

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6850.92	0.06
NASDAQ Composite	23406.457	(-)0.26
Dow Jones Industrial Average	48254.82	0.68

 

(Eshitva Prakash)

 

End

 

US$1 = INR 88.63

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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