The Dow finished at a fresh record Tuesday as markets largely shrugged off the likelihood of a partial US government shutdown due to a stalemate on budget talks.

Major US equity indices veered in and out of negative territory throughout the day before finishing in the black. The Dow Jones Industrial Average was up 0.2 percent at 46,397.89, a new record.

Several federal government operations will freeze beginning at midnight Tuesday night if there is no breakthrough. Talks between congressional leaders and President Donald Trump concluded Monday without progress.

"The market seems to be ignoring the fact that we're looking at a potential shutdown," said Art Hogan of B. Riley Wealth Management.

Analysts say a shutdown will not significantly affect the US economy unless it is prolonged. W

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