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Kiplinger
Kiplinger
Business
David Dittman

S&P 500 Sees New Highs on Shutdown Day: Stock Market Today

Stocks rally on shutdown day.

Congress failed to pass funding legislation for the current fiscal year, causing the federal government to shut down. Stocks opened lower as a result, but all three main U.S. equity indexes turned positive before midday and trended higher through the afternoon.

Sector leaders included an odd mix of technology and consumer discretionary stocks, plus utilities and health care stocks, while a leading athleisure name appears to be on a solid recovery run.

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