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Dow Jones Rallies to Record High Amid Shutdown Resolution Hopes

Dow Jones Rallies to Record High Amid Shutdown Resolution Hopes

Author:

Global Cryptocurrency

Published:

2025-11-12 22:02:02

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BTCCSquare news:

The Dow Jones Industrial Average (DJIA) surged to an all-time high of 48,431.57 on Wednesday as Optimism grew over a potential resolution to the longest government shutdown in U.S. history. A funding bill, already approved by the Senate and House Rules Committee, is expected to pass the full House later today. President Trump has signaled his support, though the legislation excludes an extension of Affordable Care Act subsidies—a contentious issue between parties.

Meanwhile, Atlanta Fed President Raphael Bostic announced his retirement plans for 2026, reiterating his hawkish stance on interest rates. He emphasized maintaining current rates until inflation convincingly retreats to the Fed's 2% target.

By:

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