Wed 12 Nov: After the Bell🔒

Your 5’ evening market wrap 📄📈

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Indices + LargeCaps + FX + Treasuries + Commodities tables on the ‘Market Data’ post.

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Good evening,

Market sentiment centered on today’s House vote to end the government shutdown, keeping trading subdued. US equities finished little changed, with tech stocks marginally weaker while the Dow Jones Industrial outperformed, rising 0.7% to a record high above 48,000, driven by strength in Goldman Sachs and UnitedHealth. After the close, Cisco Systems (mcap $291bn) reported stronger-than-expected earnings and raised its full-year profit outlook. The stock gained 3% in extended trading, building on a similar advance during the session to reach a new record high, finally surpassing its March 2000 peak. Treasury yields eased, with the curve shifting lower by ~5bp.

The longest government shutdown could end tonight if the House approves a funding package extending federal funding until the end of January, with a vote expected around 7 pm ET.

The notable large-cap mover today was AMD (mcap $418bn), rallying over 8% to an all-time high after management raised its growth outlook, projecting more than 35% annual revenue growth over the next 3‑5 years on the back of accelerating AI momentum. The stock is 113% higher this year and trades at 135 times trailing earnings.