Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.1%), Nasdaq Composite (+2.1%), and DJIA (+0.4%) maintain their opening gains as mega-cap strength and optimism around an end to the government shutdown continue to buoy the market. 

House Speaker Mike Johnson said he thinks he has the votes to pass the government funding deal in the House and urges members to begin making plans to return to Washington. 

The information technology sector (+2.5%) now holds the widest gain, with strong support coming from its semiconductor components, as the PHLX Semiconductor Index trades 2.9% higher. 

Micron (MU 255.45, +17.53, +7.37%) is a standout both in the sector and beyond. The stock is up 14.1% this month, with today's gains adding to last week's rally that followed reports that SK Hynix is aiming to increase HBM4 supply prices by 50%