Dow Hit a Record, Nasdaq in Decline

Mixed Close on Wall Street

The main indices of Wall Street showed a mixed trend on Wednesday. The Dow Jones Industrial Average achieved a historic close with a 0.67% increase, while the S&P 500 remained nearly flat and the Nasdaq lost 0.25%.

Investors focused on the anticipated end of the longest government shutdown in U.S. history. The House of Representatives is expected to vote on a temporary financial support package. If the package is approved, President Donald Trump is expected to sign it into law.

Notable gains supporting the Dow's strong popularity included Goldman Sachs and UnitedHealth Group, which increased by 3.5%. However, the Nasdaq fell again; some tech giants, such as Tesla and Amazon decreased by about 2%, Palantir by 3.5%, and Oracle nearly by 4%.

Kevin Nicholson, an investment expert at RiverFront Investment Group, noted that the Nasdaq has shown a volatile trend over the past few weeks. He expressed that many AI-focused companies are seeking success and the market is concerned about the spending levels of these companies. Nicholson stated, "While it's the right strategy for some companies, I think it's not applicable for others. The market is currently trying to determine its winners and losers."

AMD garnered attention with a 9% increase on Wednesday. The chip designer announced a $100 billion data center revenue target.

Cisco Systems also gained 3% at close, continuing its upward trend. The company is optimistic about billion-dollar data center projects that support growth, as it raised its year-end profit and revenue forecasts.