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Stocks coasted to the finish of their latest winning month on Tuesday, as Wall Street yawned at the potential shutdown of the U.S. federal government that’s looming.
The S&P 500 rose 0.4% to close out its fifth straight winning month after setting a record last week. The Dow Jones Industrial Average gained 81 points, or 0.2%, to set its own all-time high, and the Nasdaq composite ticked 0.3% higher.
The quiet trading came as a midnight deadline approached, when the U.S. government could shut down because of Washington’s latest political impasse. That’s because history has shown that past shutdowns have had limited impact on the economy and stock market, and many economists and prof