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Informist, Tuesday, Nov. 11, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: US markets rise on hopes of a likely end to US govt shutdown

 

MUMBAI--0735 IST--US markets ended higher Monday buoyed by technology stocks and positive sentiment driven by steps taken by the US Congress to soon put an end to the government shutdown there. A new bill quickly advanced in a key US Senate procedural vote overnight Sunday, after enough Democrats joined with Republicans to avoid any delay for the resolution to the prolonged government shutdown. 

 

Nvidia, Broadcom and other artificial intelligence related stocks led the gains in the Wall Street, as a possible end to the shutdown put investors in a risk-taking mood again. "We maintain our conviction that AI-related stocks should drive equity markets, and we believe underallocated investors should add exposure to the theme through a diversified approach," CNBC quoted Mark Haefele, chief investment officer at UBS Global Wealth Management, as saying.  

 

The S&P 500 index rose 1.5% and gained for the second straight session. The tech-heavy NASDAQ Composite rose over 2% and the Dow Jones Industrial Average rose nearly 1%. 

 

In other news, the Federal Reserve Governor Stephen Miran said Monday that a 50-basis-point rate cut would be appropriate for December, noting that inflation is falling while the unemployment rate is drifting higher, Reuters reported. 

 

Following are the closing levels of US indices overnight: 

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	47368.63	0.81
Nasdaq Composite	23527.17	2.27
S&P 500	6832.43	1.54

 

(P. Madhu Kumar)

 

End 

 

US$1 = INR 88.69

 

Edited by Tanima Banerjee

 

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