Shut.
As the end of the month and the quarter approached, Wall Street prepped over the weekend for a narrative likely to be dominated by tiresome government shutdown-related brinkmanship in Washington DC. Investors have generally been well-served by ignoring domestic politics. That was always going to be a difficult task last week.
The countdown to 12:01am ET on Wednesday began on Monday with stocks still hanging on to seemingly endless AI exuberance and the effects of mutual fund end-of-quarter window dressing, pushed tech and tech-adjacent prices higher to extend the previous Friday’s gains in…
The skinny
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