Dow Hits Record After Shutdown Ends

The Dow closed at an all-time high after Washington ended a 41-day shutdown. Risk rallied, but the Fed’s path stays cloudy amid a data blackout.

Dow Jones Hits Record High After Shutdown Ends

TL;DR:

🏛️ Dow hits record after shutdown
🍽️ Trump to dine with Wall Street CEOs
🤖 SoftBank exits Nvidia to fund OpenAI
🏦 Fed faces data blackout on rates

Dow Hits Record After Shutdown

The Dow Jones Industrial Average closed at a new all-time high after Congress ended the 41-day U.S. government shutdown, releasing a broad risk-on bid. Cyclicals and credit tightened as uncertainty faded, while the S&P 500 Consumer Discretionary sector rose 1.3% alongside improving breadth. Traders watched for follow-through and sector rotation as leadership shifted toward reopening-sensitive names. Source

Trump To Dine With Wall Street CEOs

President Trump is set to host a private White House dinner with top Wall Street executives, including the CEOs of Nasdaq and JPMorgan. Markets will parse any comments on regulation, capital markets, and tax policy for signals that could sway financials and deal activity. Headline risk is elevated into the event, with potential read-throughs for bank multiples. Source

SoftBank Exits Nvidia To Fund OpenAI

SoftBank disclosed it sold its entire Nvidia stake for $5.83 billion to help fund a $22.5 billion investment in OpenAI. The move reallocates exposure from established AI infrastructure to frontier AI, shifting SoftBank’s risk profile and narrative. For Nvidia, the sale adds a modest supply overhang but is small versus average daily liquidity; AI sentiment stays the main driver. Source

Fed Faces Data Blackout On Rates

The Federal Reserve is navigating a rare data blackout following the shutdown, complicating rate-setting while key economic releases are delayed. With less visibility, policymakers may lean on market-based indicators and high-frequency proxies, keeping volatility elevated around guidance. Gold firmed on rate uncertainty as investors sought hedges. Source

Dow Jones Hits Record High After Shutdown Ends