Stocks Close At Record Highs Amid Shutdown

S&P 500 seesaws after hitting fresh record as U.S. government shutdown continues (CNBC)

The government shutdown is likely to cement additional Fed interest rate cuts (CNBC)

Tom Lee sees S&P 500 topping 7,000 by year-end, says don’t be fooled by shutdown calamity talk (CNBC)

US Hiring Plans, Job-Cut Announcements Drop in Challenger Report (Bloomberg)

Your expensive power bill is part of an alarming trend (Vox)

Microsoft Bets $33 Billion on Neoclouds like Nebius to Ease AI Crunch (Bloomberg)

Microsoft wants to mainly use its own AI data center chips in the future (CNBC)

Intel stock is up 50% over the last month, putting U.S. stake at $16 billion (CNBC)

OpenAI Valuation Reaches $500 Billion, Topping Musk’s SpaceX (Bloomberg)

Tesla Sales Surge to Record on Rush to Snag US Tax Credit (Bloomberg)