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Stock Market Today: Dow ends lower on rising Treasury yields as US averts shutdown By Investing.com

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Stock Market Today: Dow ends lower on rising Treasury yields as US averts shutdown

Investing.com -- The dow closed lower Monday, paced by slump in energy and utilities as Treasury yields continued to march higher after the U.S. averted a government shutdown with a last-ditch funding measure to keep the government funded for 45 days.Still, oil prices remained above $90 a barrel, with some forecasting a boost in demand from China’s annual ‘Golden Week’ holiday.

Congress passed a short-term funding measure to keep the government funded through Nov. 17, avoiding a shutdown that many had expected to dent near-term economic growth. Nvidia is likely to maintain its status as “the accelerated computing industry standard for the foreseeable future given its competitive moat and the urgency with which customers are developing and deploying increasingly complex AI models,” Goldman Sachs in a recent note.

 

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