Dow, S&P 500, Nasdaq Open Higher; Government Shutdown; Nvidia, Tesla, SoFi, Plug Power and More Movers
The S&P 500 pulled back after hitting its highest level on record.
The market benchmark was back to breakeven after setting a fresh intraday trading high of 6731.94. The Dow was down 60 points, or 0.1%, after trading higher at the open.
The Nasdaq Composite was up 0.3% and on track for a record closing high. The S&P and Dow only need to close up on the day to mark fresh closing highs.
There wasn’t much happening on Wall Street. The shutdown means government data like initial jobless claims are suspended.
Wall Street was using the pause to buy tech and not much else. Materials and energy were the only other major S&P 500 sectors on the rise. Real estate and utilities were the biggest laggards, followed closely by consumer staples, consumer discretionary, and financials.
Traders were turning to risk and shunning low volatility stocks and dividend stocks. Small-caps and value stocks were also struggling.
