Traders at work at the New York Stock Exchange on November 3, 2025.
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of S&P500 It rose on Monday after senators took a key step toward a potential deal to end the historic U.S. government shutdown.
The broader market index rose 1.1%; Nasdaq Composite It advanced by 1.8%. of Dow Jones Industrial Average It rose by 182 points (0.4%).
Nvidia, broadcom Other artificial intelligence bull market leaders led the rally as the possibility of an end to the shutdown put investors back in a risk-taking mood. microsoft The stock also rose nearly 1%, on pace to end an eight-day losing streak. This was the longest daily decline for the stock since 2011. These stocks led the broader market decline last week as Wall Streeters grew concerned about rising valuations in AI trading.
Investors continue to monitor lawmakers’ negotiations to pass a federal funding bill that would end the government shutdown.
A procedural measure allowing another vote on the deal was approved on Monday with a minimum of 60 votes, after eight senators from the Democratic caucus announced their support for the deal and broke with party leadership.
The deal would reopen the government through January and reverse some of the recent mass layoffs by the federal government. It also includes future protections for government employees. The deal does not include extending Affordable Care Act subsidies, a major sticking point for most Democratic lawmakers, but would require a vote on the subsidies in December.
The funding bill has a final vote in the Senate, then must be passed by the House. House Speaker Mike Johnson (R-Louisiana) has already called on members of Congress to begin traveling to the nation’s capital to vote on the deal as soon as possible, expecting a vote this week.
Fears of a government shutdown have plunged consumer sentiment to its lowest level in more than three years, slightly above the worst on record, according to a University of Michigan study released Friday. Because of the shutdown, federal agencies have canceled many important economic reports scheduled for this week, including the Consumer Price Index and Producer Price Index.
“It’s been a wild November for risk assets,” Orion Chief Investment Officer Tim Holland told CNBC, citing investor concerns about valuations, the possibility of an AI bubble and company closures as key factors for the recent weakness. “The concerns from last week were valid. But I think we’ve eliminated at least one of those three concerns. I think this is a big problem.”
“We remain quite optimistic about the economy and risk assets heading into the end of the year given government reopening, the One Big Beautiful Bill Act, likely 13% year-over-year earnings growth, and seasonal tailwinds,” he added.
The closure, along with AI valuations, increased market uncertainty. Last week, the Nasdaq Composite Index fell about 3%, its worst week since April, when the tariffs caused a decline. The S&P 500 and Dow both fell more than 1% for the week.
