Dow Hits Record High as House Prepares Shutdown-Ending Vote

Market Performance - The Dow Jones Industrial Average has shown significant outperformance, reaching a record high and outperforming the S&P 500 in six of the past eight sessions, with a gain of 0.7% on the day, up more than 300 points [7] - In contrast, the Nasdaq composite and Nasdaq 100 finished in the red, along with the Russell 2000, which dropped by 0.3% [8] Company Earnings - Cisco is expected to report strong earnings, with projections indicating a slight increase in adjusted EPS guidance to a range of $4.02 to $4.14 for the full year, and revenue guidance of $60.2 billion to $61 billion [24][25] - Cisco's second quarter adjusted EPS is projected to be between $1.01 and $1.03, exceeding the estimate of $0.99, with revenue expected between $5 billion to $5.2 billion, also above the estimated $4.72 billion [26] - The CEO of Cisco highlighted strong demand for their technologies, particularly in secure networking and AI, indicating a positive outlook for the company's future [28] Sector Performance - In the S&P 500, big tech, healthcare, and financials were among the best-performing sectors, while energy and communication services, including Amazon, were among the biggest losers [9] - Airlines showed strong gains, with United up 5%, Delta up 4.7%, and SkyWest up 4%, driven by expectations of government lifting flight curbs [12] Other Company Updates - AMD was the top gainer in the S&P 500 and Nasdaq 100, with a 9% increase, driven by projected accelerating sales growth for data center products [10] - Circle Internet Group's shares fell by 12.2% despite better-than-expected third-quarter revenue and earnings, as concerns over declining interest rates overshadowed growth prospects [15] - BlackRock Coffee reported a 24% increase in total revenue compared to the prior period, but shares were down 5% following its first post-IPO earnings report [19]