Investor sentiment rose as the government shutdown nears an end with the House set to pass the Senate’s spending bill. The Dow closed at an all-time high above 48,000, historically performing well in the fourth quarter. Expectations for another rate cut in December also boosted market optimism.

Three strong blue-chip stocks to watch include Amazon.com, Inc. (AMZN), NVIDIA Corporation (NVDA), JPMorgan Chase & Co. (JPM), and 3M Company (MMM). These companies are expected to benefit from the market’s upward trend, offering potential returns with Zacks Rank #1 or 2.

The Dow reached a record high of 48,254.82 points, rallying on the potential end of the government shutdown. Investors await key economic data, such as labor market numbers and inflation data, once the government reopens. Market participants are optimistic about a rate cut in December, with a 55.9% chance priced in by the CME FedWatch Tool.

Amazon.com, Inc., a major e-commerce provider with a strong online retail business and cloud computing presence, has an expected earnings growth rate of 29.3% this year. NVIDIA Corporation, a leader in visual computing and AI solutions, has an expected earnings growth rate of 49.2%. JPMorgan Chase & Co., a global bank with assets exceeding $4 trillion, has an expected earnings growth rate of 2.1%. 3M Company, a technology firm with diverse global operations, has an expected earnings growth rate of 10.1%.

The demand for data is fueling a digital gold rush in the market. An under-the-radar chipmaker is positioned to benefit from the growth stage of data centers, setting it up for success in the future. Investors can explore this opportunity for potential gains in the semiconductor market.

Read more at Nasdaq: 4 Stocks to Add to Your Portfolio as Dow Hits All-Time Closing High