By The Associated Press
Publication Date: 2025-11-12 17:42:00
U.S. stocks are ticking higher and approaching another record. The S&P 500 rose 0.2% early Wednesday and neared the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 127 points after setting its own record the day before, while the Nasdaq composite climbed 0.3%. Technology stocks swung back upward. Advanced Micro Devices rallied after its CEO said the chip company is expecting better than 35% annual compounded growth in revenue over the next three to five years. Nvidia, the dominant player in chips used for artificial-intelligence technology, also rose.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
Wall Street is on track to open higher Wednesday with an end to the U.S. government shutdown appearing closer, and technology stocks appeared to regain their footing after wild swings this week.
Futures for the S&P 500 rose 0.4% while futures for the Dow Jones Industrial Average were up 0.3%. Futures for the technology-heavy Nasdaq index rose 0.6%.
The longest federal government shutdown in U.S. history could be over as soon as Wednesday, but not without having tripped up an economy already under stress.
More than a million federal workers haven’t been paid since Oct. 1. Thousands of flights have been canceled, a trend that’s expected to continue this week even if the U.S. government re-opens. Many food aid recipients have seen their benefits interrupted.
The Congressional Budget Office estimated that…