Investors buy back stocks in anticipation of shutdown ending: Nasdaq index up 2%

U.S. stocks rose in the first hour of trading in New York. Investors' appetite for risk was brought back by the news that congressmen are one step closer to a potential agreement that would end the longest federal government shutdown in history (the so-called shutdown), CNBC writes.

The Nasdaq Composite index of technology stocks soared 2% in trading. The S&P 500 broad market index added 1.2%, while the Dow Jones Industrial Average blue-chip index gained 0.3%.

The leader of growth among large capitalization companies was Nvidia - its shares soared by 9%. Quotes of Apple rose by 3.5%. Microsoft shares added 1.5%, breaking the longest decline since 2022.

In the night of November 10, the U.S. Senate - the upper chamber of Congress - on a procedural vote supported the bill that will allow to end the shutdown, which has already lasted 41 days, and partially resume the activities of government agencies. The bill provides for temporary funding of the government until January 30, 2026. It must now be finally approved by the Senate and then will be passed to the House of Representatives for consideration. After Congress, the bill must be signed by US President Donald Trump.

This article was AI-translated and verified by a human editor