The S&P 500, Dow Jones, and Nasdaq closed with slight changes on Wednesday. Semiconductor strength lifted the market, with Advanced Micro Devices surging 9%. The Senate Democrats’ vote to end the shutdown boosted optimism. However, Magnificent Seven tech stocks weakened. Energy stocks suffered as WTI crude fell over 4%.

US stock indexes anticipate the end of the government shutdown, with the S&P 500 hitting a 1-week high and the Dow reaching a new all-time high. The House is set to vote on the continuing resolution passed by the Senate, likely ending the shutdown. Semiconductor stocks and a positive earnings season are supporting market gains.

Atlanta Fed President Bostic’s hawkish comments on interest rates impacted market sentiment. US MBA mortgage applications rose slightly, with a rise in purchase mortgages and a decline in refinancing. Overseas markets closed mixed, with Euro Stoxx 50 reaching a record high. Interest rates are pricing in a 64% chance of a rate cut at the next FOMC meeting.

Monthly payrolls and CPI data may not be released due to the government shutdown. Q3 corporate earnings exceeded expectations, with a 14.6% increase. European bond yields were mixed, with the German bund yield falling. The ECB and swaps suggest a stable interest rate outlook. Stock movers include chip stocks, airlines, tech giants, and energy producers.

Read more at Nasdaq: Stocks Settle Mostly Higher as Government Poised to Reopen