STAN CHOE Business Writer.

Trader Michael Conlon works on the floor of the New York Stock Exchange as the rate decision of the Federal Reserve is announced, Wednesday, Sept. 17, 2025. (AP Photo/Richard Drew)

DC’s shutdown hasn’t stopped the stock market. Here’s what may

The U.S. stock market continues to rise despite the government’s latest shutdown. The S&P 500 and Dow Jones Industrial Average hit all-time highs on Friday. It’s not just big tech driving the market; the Russell 2000 index of smaller stocks and gold also reached records. Past shutdowns have had minimal effects on the market, and many investors expect the market to climb further. However, there are concerns about expensive stocks, the need for rising corporate profits, and whether the Federal Reserve makes further cuts to interest rates. The AI boom also needs to deliver on its promises to sustain growth.

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FILE - The New York Stock Exchange, Tuesday, Jan. 28, 2025, in New York. (AP Photo/Julia Demaree Nikhinson, File)

Wall Street ticks to more records, led by technology stocks

U.S. stocks edged up to more records. The S&P 500 rose 0.1% Thursday. The Dow Jones Industrial Average added 0.2%, while the Nasdaq composite climbed 0.4%. All three set all-time highs. Technology stocks helped lead the way after OpenAI announced partnerships with South Korean companies for its Stargate artificial-intelligence infrastructure project. Fair Isaac surged to its best day in nearly three years after unveiling a program where customers can potentially bypass big credit bureaus for FICO credit scores. Stock indexes also rose across much of Europe and Asia, while Treasury yields eased in the bond market.

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White House press secretary Karoline Leavitt speaks with reporters as an image of President Donald Trump's post on Truth Social regarding the tax cuts package appears on screen in the James Brady Press Briefing Room at the White House, Thursday, May 22, 2025, in Washington. (AP Photo/Jacquelyn Martin)

The bond market is shaking Wall Street again, this time because of worries about tax cuts

The bond market has a sleepy reputation, but it can pack a punch when alarmed. And worries are now growing about tax cuts pushed by Washington and how they’ll inflate the U.S. government’s debt. That’s sent yields higher this week, enough to shake the stock market and potentially send it to its worst week in the last seven. The moves in the bond market are also likely to make mortgages more expensive for U.S. home buyers, along with other kinds of loans.

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