Dow Average Hits All-Time Highs Before House Vote | Closing Bell
November 12, 2025
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10:14Now PlayingDow Average Hits All-Time Highs Before House Vote | Closing Bell
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as posted by the channelComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Wall Street traders drove most stocks higher and bond yields lower as House lawmakers were poised to end a historic government shutdown, unlocking access to economic data that will be key in shaping the Federal Reserve policy outlook.
The resolution of the last four US closures spurred gains in the S&P 500 and most of its sectors, based on the median performance. While about 300 shares in the equity benchmark rose on Wednesday, a slide in big tech left the gauge wavering. The Dow Jones Industrial Average climbed for a fourth straight day, hitting all-time highs. Bitcoin erased its advance.
Treasuries saw a drop in yields on bets the Fed will have room to cut rates next month to prop up the jobs market. Reports on unemployment and the consumer price index for October are unlikely to be released due to the shutdown, White House Press Secretary Karoline Leavitt said.
House Speaker Mike Johnson said he believes the legislation, a hard-fought compromise forged in the Senate and blessed by President Donald Trump, will pass quickly. But he’ll have to keep his fractious party in line in the face of stiff opposition from House Democrats whose leaders are urging them to vote against it.
The S&P 500 held near 6,850. A gauge of tech megacaps lost 1.2%. In late hours, Cisco Systems Inc. gave an upbeat sales forecast. The yield on 10-year Treasuries slid five basis points to 4.07%. The dollar wavered. Oil dropped by the most since June amid supply glut concerns.
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