On Thursday, the stock market reached record highs as investors appeared unfazed by the ongoing government shutdown. Now in its second day, there are still no indications of a pending resolution.
Overall, S&P 500 edged up 0.1% to 6,715, while NASDAQ rose 0.4% to 22,844.
Tweet of the Day
Good info on low-altitude planes. I like the run-down of stocks in the sector in the video. https://t.co/eBEAyzW9nK
— David Sharek (@GrowthStockGuy) October 1, 2025
Chart of the Day
Here is the one-year chart of Booking Holdings (BKNG) as of September 7, 2025, when the stock was at $5,506.
Global travel demand fueled Booking’s (BKNG) earnings. Last quarter, profits grew 32% and beat estimates of 19%. Revenue growth was 16%. Bookings increased a solid 13% and room nights grew 8%, driven by Europe and Asia.
The US remained the company’s slowest region. The company saw lower average daily rates, shorter booking windows, and reduced stay lengths in the US, which pointed to more cautious spending by American travelers. Inbound travel to the US from Canada and Europe also declined. However, other travel routes, like Canada to Mexico and Europe to Asia, offset slower US growth.
BKNG is part of our Conservative Growth Portfolio. David Sharek, Founder of School of Hard Stocks, thinks BKNG a mid-teens grower long-term.
