Overview
Today's U.S. stock market reflected mixed sentiments as anticipation of the end of the longest U.S. government shutdown buoyed the market, yet concerns over high valuations led to a Nasdaq decline. The U.S. stock market experienced mixed outcomes amid contrasting economic factors. Despite ongoing massive investments in AI infrastructure by leading global companies, worry over high valuations weighed heavily on investor sentiment.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
Market deflation pressure arose as the expected resolution to the longest U.S. government shutdown influenced markets positively, yet the Nasdaq ended lower due to concerns over high valuations. SoftBank's announcement regarding selling their stake in NVIDIA to fund AI developments added to these concerns, causing NVIDIA's shares to drop by 2.5%. Meanwhile, S&P 500 managed to finish higher driven by gains in healthcare. FedEx's positive earnings outlook saw its shares surge by over 5%.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 9:00 AM | U.S. MBA Mortgage Applications |
| 2:00 PM | U.S. EIA Short Term Energy Outlook |
| 4:00 PM | U.S. 10-Year Treasury Auction |
| 11:00 PM | Speech by Fed's Williams |
| Midnight | Speech by Fed's Paulson |
General Opinion
The overall market trend remains positive, but concerns over the impact of AI investments will persist. If the government shutdown truly ends, a short-term stabilization is expected, and if the Fed maintains a rate hold policy through the end of the year, further market gains could occur.
