Market Performance - The Dow Jones Industrial Average rose by over 238 points, closing at 46,758, with an increase of 0.51% [3] - The S&P 500 reached a new historical high during the day, peaking at 6,750, despite a minimal increase of 0.44 points at close [3] - The Nasdaq Composite experienced a decline of 63 points, down 0.28%, but all three major indices showed gains over the week: Dow up 1.1%, Nasdaq up 1.32%, and S&P up 1.09% [3] Government Shutdown Impact - The government shutdown entered its third day with no resolution, affecting 750,000 federal employees who are on unpaid leave [3] - Historical data suggests that government shutdowns have a temporary impact on the economy, with the S&P 500 averaging a gain of over 3% during previous shutdowns [4] AI Market Influence - The current market sentiment is heavily influenced by the AI boom, with investors experiencing "FOMO" (Fear of Missing Out), overshadowing concerns about the government shutdown [4] - Companies involved in AI storage, such as Seagate and Micron, have seen their stock prices double this year, contributing to bullish market sentiment [4] Economic Data and Federal Reserve - The government shutdown has disrupted the September non-farm payroll report, which is the first occurrence since 2013 [5] - The absence of this data may reduce potential pressure on the stock market, leading to increased confidence that the Federal Reserve will lower interest rates in October [5] Long-term Considerations - While the current market is buoyed by AI momentum, there are warnings from Wall Street veterans about potential similarities to the 1990s internet bubble, indicating that valuations may be high [5] - Key factors to monitor include the duration of the government shutdown and whether the AI hype can translate into actual profitability [5]