Dow closes above 48,000 for first time, 17th record close of 2025

Market Performance - The Dow Jones Industrial Average rose 328 points, closing above 48,000 for the first time, marking its 17th record high of the year as investors anticipated the end of the longest government shutdown in history [1] - The Dow's back-to-back record close was driven by gains in UnitedHealth and Goldman Sachs, contributing to a 13% gain for the year, although it still lags behind the S&P 500 and Nasdaq, which have risen 16% and 21% respectively [3] ETF Industry - U.S.-listed ETFs saw a significant inflow of $171 billion in October, bringing the total for 2025 to over $1 trillion, indicating a strong interest in exchange-traded funds [4] Sector Performance - In the broader market, healthcare and financial sectors led modest gains for the S&P 500, positively impacting ETFs such as the SPDR Financial Index and the healthcare select sector ETF [5] - AMD's stock surged by 9% after the company set ambitious targets during its investor day, reflecting strong investor confidence in the tech sector [5][6] Economic Outlook - The CEO of AMD projected that the overall AI market could exceed $1 trillion by 2030, highlighting significant demand for AI technologies [6] - Despite the government shutdown affecting the release of critical economic data, investors remained optimistic about the market's fundamentals [6][9]