Dow Jones Rises on Government Reopening Progress Amid Mixed Jobs Data
The Dow Jones Industrial Average (DJIA) climbed Tuesday as progress toward ending the U.S. government shutdown offset concerns over contradictory private jobs data. Tech-heavy indices lagged, with the S&P 500 and Nasdaq 100 dipping on sector weakness.
Senators voted 60-40 Monday to advance a funding bill, signaling the conclusion of the longest federal shutdown in history. 'This has been a very long road,' acknowledged Senate Majority Leader John Thune. The legislation now moves to the House, with President TRUMP indicating support.
ADP's latest payroll figures revealed conflicting signals - reporting weekly declines of 11,250 positions during October's final weeks, despite previously announcing a 42,000-job monthly gain. The discrepancy stems from differing calculation methodologies during the data blackout caused by shuttered federal agencies.
