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Tech-Led Rally Lifts Wall Street on Senate Step Toward Shutdown Deal

Traders now look to House approval, then a presidential signature, to seal the shutdown reprieve.

Overview

  • The Dow rose 381.53 points to 47,368.63, while the Nasdaq gained 522.63 to 23,527.17 after a three-day slide.
  • Large-cap tech led the rebound, with Nvidia up 5.8% and Microsoft up 1.9%, as investors reassessed policy risk.
  • The Senate approved a motion to proceed on a stopgap funding bill, boosting confidence that a partial shutdown will be rolled back.
  • Analysts expect the measure to become law following House passage and President Trump’s signature, though the outcome remains in process.
  • The dollar strengthened to roughly ¥154.10 as risk appetite improved, and Tokyo shares opened sharply higher with the Nikkei up more than ¥500 intraday.