US Futures Rise on Hopes of Government Reopening
2025-11-10 00:00
By
Jam Kaimo Samonte
1 min. read
US stock futures advanced on Monday after the Senate passed the initial stage of a deal to end the government shutdown, securing the minimum 60 votes required, with eight Democratic senators breaking from party leadership.
The agreement provides funding for the Departments of Agriculture, Veterans Affairs, and Congress, along with funding for other agencies through Jan. 30.
However, it does not include a key Democratic demand to extend enhanced Affordable Care Act tax credits.
Last week, the Dow lost 1.21%, the S&P 500 dropped 1.63%, and the Nasdaq Composite tumbled 3.04% as concerns over inflated AI valuations sparked a selloff in tech shares.
In corporate news, Nvidia CEO Jensen Huang said he asked TSMC to boost chip supplies to meet surging AI demand, while Pfizer agreed to acquire Metsera for up to $10 billion, beating out Novo Nordisk.