Marcin Frąckiewicz

Wall Street’s latest milestone comes against an unlikely backdrop: a U.S. government shutdown stretching into its second week. Yet stock investors have largely shrugged off Washington’s stalemate, focusing instead on favorable economic undercurrents. On Monday, the Nasdaq Composite climbed +0.71% to 22,941.67, and the S&P 500 rose +0.36% to 6,740.28 – both record closing highs – even as the federal government remained partially closedreuters.comreuters.com. The Dow Jones Industrial Average lagged, slipping 0.14%, but that modest dip didn’t derail what has been a robust multi-day rally. In fact, eight of the past ten sessions have seen U.S. indexes advance, a sign of resilient risk appetite on Wall Streetts2.tech. “It certainly feels like momentum is on the side of investors over the last few days,” observed Mona Mahajan, an investment strategist at Edward Jonests2.tech, noting how traders have eagerly bought any small dips. Analysts say the market is looking past the shutdown because, historically, these episodes tend to have limited market impact. “Investors largely look past government shutdowns” since short standoffs usually cause only shallow, temporary market declines, explained Anthony Saglimbene, chief market strategist at Ameriprisets2.tech. In the last major shutdown, the S&P 500 actually climbed over 10%ts2.tech. So far this time,