Market Snapshot: S&P 500, Nasdaq add to string of 2018 records as investors shake off shutdown fears

A tense standoff in D.C. could hit markets

U.S. stocks on Friday finished the day and week higher, with both the S&P 500 and the Nasdaq ending at records as optimism over corporate earnings outweighed the threat of a government shutdown.

While a shutdown is seen as having little impact on the pace of economic growth, such an outcome would add another element of uncertainty to a market that is already seen as trading at lofty levels, and which hasn’t seen even a mild decline in more than a year.

Read: A government shutdown ‘could reintroduce investors to the fact that markets go down’

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