Stocks Rise Amid Government Shutdown Uncertainty
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The S&P 500 and Nasdaq Composite saw modest gains Wednesday despite a U.S. government shutdown, with traders betting on a brief disruption. The market reached an intraday high, boosted by health-care stocks. Investors remain cautious about economic factors like inflation and valuations, while a shutdown could delay crucial economic data. Prediction markets suggest the shutdown might last nearly two weeks, impacting the Federal Reserve's ability to track economic conditions.
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