Dow, S&P 500, Nasdaq close 2nd day of shutdown at record highs

US stocks (^DJI, ^IXIC, ^GSPC) see another day of gains in spite of the government shutdown, all three of the major averages locking down new record highs.

Yahoo Finance markets and data editor Jared Blikre recaps Thursday's market action after the closing bell, noting the stock moves in small-cap stocks and semiconductor companies.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.

Video Transcript

00:00 Miles

All righty, live pictures from the floor of the New York Stock Exchange and the Nasdaq market site as we wrap up this Thursday of trading. It's Market Domination Overtime.

00:09 Miles

Giving you full coverage of all the moves to get you up to speed on the action from today's trading. Yahoo Finance's Jared Blikre standing by to break it all down. Jared,

00:19 Miles

I I think we held on.

00:20 Jared

Yes.

00:21 Miles

Think I I I can barely I think it's .06. Is that what I'm seeing here? My glasses need to be checked.

00:25 Jared

Yes, S&P 500, uh we'll start with there. Uh up four points or six basis points, but that was enough for the fifth straight win in a row, and you can extend that to the Nasdaq Composite, also for a win there, and then the Dow also for a record win.

00:41 Jared

And uh we'll take a look at the small caps as well up 1/3 of a percent. Not a record for them, but we we like them still. And let's take a look at the sector action.

00:48 Jared

The leader all day has been the material sector, that's XLB in the upper left, that's up over 1%. Then you have tech and industrials. Those are the three outperformers.

00:56 Jared

And then to the downside, we only had energy crossing the uh 1% threshold to the downside. Number two slot was XLY. and guess who guess who's in that. That is a Tesla group. So that's consumer discretionary.

01:08 Jared

We also have Amazon in there, but it looks like Tesla the main culprit there. Not a lot of red in terms of the mega caps. You see Microsoft in the lower left, that's down about 3/4 of a percent.

01:17 Jared

Meta though, uh some nice outsized gains up over a 1%. And it's nice to uh see the semiconductors just flying again. Intel up almost 4%, AMD 3 and a half, GlobalFoundry also 3 and a half, Microchip three, and the list goes on there.

01:31 Jared

And once again in software, we see some decent games, uh but not quite as widespread as we do see in the chip sector. Snowflake and Okta each up more than three, looks like almost 4% for uh Okta there.

01:42 Jared

And let's take a look at some of the leaders. We don't have a lot of red here. So the things that didn't work today, uh PSEC is a small oil, also regional banks, we hit those before.

01:52 Jared

But in the number one spot, Miles and I are going to hit crypto in about 30 minutes. GBTC is my crypto proxy there up about 3%. Tan is solar, Ark Invest is disruption, IPOs, we know those are speculative.

02:04 Jared

And so the top four in my list are all pretty speculative, and we're seeing a lot of money flow into those fringier parts. And I will leave us on the Dow. Aside from the mega caps that we covered, guess what? We're seeing a lot more red than green there.

02:16 Jared

And uh when you s- it actually looks like almost an even split, maybe one more. But to the downside, JP Morgan led the big banks down. Also, Coca-Cola, Verizon, each down about 1%. Miles.

02:26 Miles

All right. Risk on in this market, certainly looks like. Jared, we'll talk about that a little later on. Thanks so much. Related Videos

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