LIVE MARKETS-US stocks end mixed ahead of a likely end to government shutdown

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US STOCKS END MIXED AHEAD OF A LIKELY END TO GOVERNMENT SHUTDOWN

Wall Street's main indexes ended mixed on Wednesday, with the Dow .DJI hitting a record high and the Nasdaq .IXIC losing ground as investors rotated out of tech titans while focusing on a likely end to a historic U.S. government shutdown.

The House of Representatives was set to end the longest government shutdown in U.S. history, with a vote on a stopgap funding package to restart disrupted food assistance, pay hundreds of thousands of federal workers and revive a hobbled air traffic control system. Still, President Donald Trump will have to sign the compromise into law.

The Dow rallied about 0.7% and scored its 17th record close of the year. The S&P 500 index .SPX gained 0.06% on the day to end down 0.58% from its October 28 record finish. The Nasdaq dipped 0.26%, and ended down 2.3% from its October 29 record close.

A number of other indexes did manage fresh record closes including the Dow Jones Composite .DJA, which includes all 65 stocks in the Dow Industrial, Transportation .DJT and Utilities .DJU averages. The NYSE Composite .NYA also scored a record close as did the S&P 500 banks index .SPXBK and the Nasdaq Biotech Index .NBI.

The Magnificent Seven ETF MAGS.K slid more than 1%. However, both Microsoft MSFT.O and Nvidia NVDA.O posted slight gains.

Chip stocks overall showed strength. The Philadelphia Semiconductor index .SOX rallied about 1.5%.

Here is a snapshot of where markets stood just shortly after 4 p.m. ET:

(Terence Gabriel)

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(Terence Gabriel is a Reuters market analyst. The views expressed are his own)