Dow Jones Recovers, Microsoft Drags Nasdaq; Government Shutdown Looms

The S&P 500 fell 0.9% on Monday, while the Nasdaq fell 0.8%. The fall in both the indices was cushioned by a 3.5% surge in Google-parent Alphabet, which rose after Berkshire Hathaway disclosed a stake worth nearly $5 billion in the company. Rest of the big tech shares, including Nvidia, ended lower.

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CNBC TV18•30-01-2026, 04:30

Dow Jones Recovers, Microsoft Drags Nasdaq; Government Shutdown Looms

•Wall Street indices saw a mixed and volatile session, with Dow Jones ending 55 points higher after a 474-point recovery from lows.
•Microsoft shares plunged 10%, marking its worst single-day drop since 2020, significantly dragging Nasdaq and S&P 500.
•Meta shares surged 10.5% after strong results, contributing to Nasdaq's recovery from intraday lows.
•Other software companies like ServiceNow, Oracle, and Salesforce also fell amid concerns over AI's impact on Microsoft's business model.
•A potential US government shutdown looms as the Senate failed to clear a funding package, with a deadline of Saturday 12:01 AM ET.

Why It Matters: Dow Jones recovered despite Microsoft's significant drop, while a US government shutdown and commodity swings add to market volatility.

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