IXIC: Nasdaq Futures Jump More Than 1% as Senate Nears End of Lengthy Govt Shutdown

Longest government gridlock in US history might be over soon as eight Senate Democrats side with Republicans over a budget deal.

📊 Stocks Rebound on Shutdown Optimism

• US stock futures jumped early Monday, led by a 1.3% rise in Nasdaq futures, as traders cheered progress in the Senate toward ending the longest government shutdown in U.S. history.
• S&P 500 futures gained 0.8%, while Dow Jones futures added 112 points, or 0.3%.
• The rally follows a bruising week in which the Nasdaq dropped 3% — its worst since April — as investors reeled from a selloff in high-flying AI stocks and mounting concerns over lofty valuations.

🏛️ Senate Deal Edges Closer to the Finish Line

• After a rare weekend session, the Senate passed a key procedural vote 60–40 on Sunday night, marking a significant step toward ending the 40-day government shutdown.
• The vote included eight Democrats siding with Republicans on a deal that would fund government services through January and reverse some of the recent mass federal layoffs.
• The agreement reflects growing frustration over the economic toll of the shutdown — now estimated to have cost billions in lost output and delayed data releases.

💻 Markets Eye AI and Earnings Comeback

• Traders appear ready to move past shutdown headlines and back into risk assets, particularly in tech (because, the AI trade, of course).
• This week brings fresh catalysts, with CoreWeave reporting Monday after the close and Walt Disney on deck Thursday, offering investors a glimpse into both AI infrastructure and consumer spending trends.
• In digital assets, Bitcoin stabilized above $106,000 this morning after briefly dipping below $99,000 last week, while Ethereum rebounded to $3,600 from recent lows near $3,000. Meanwhile, gold rallied to $4,080 per ounce.