Wall Street Futures Surge as Senate Moves Toward Ending Shutdown
Wall Street futures climbed sharply late Sunday, boosted by optimism that the U.S. government shutdown — the longest in history — could soon end after a key Senate vote advanced a crucial spending bill.
The rally came after a volatile week in which investors sold off technology stocks amid growing fears of a potential AI-driven market bubble.
By 22:47 ET (03:47 GMT), S&P 500 futures rose 0.7% to 6,800.25 points, Nasdaq 100 futures gained 1.2% to 25,471.0 points, and Dow Jones futures added 0.2% to 47,160.0 points.
Senate Advances Spending Bill to End Historic Shutdown
On Sunday evening, the U.S. Senate voted 60–40 to end a Democrat-backed filibuster, moving forward with a spending bill aimed at reopening the government.
The breakthrough followed an agreement between eight Democratic senators and Republican leaders to reopen federal operations in exchange for a future vote on healthcare subsidies, a key GOP demand.
The bill will now return to the Senate floor for final approval, requiring 60 votes to pass.
The progress in Congress provided relief for investors worried about the prolonged shutdown’s impact on the U.S. economy, which entered its 40th day on Sunday. The impasse had disrupted public services, including air travel, and raised concerns over GDP growth, employment, and delayed economic data releases.
Markets Look to Rebound After Tech Selloff
The jump in futures also reflected investors’ attempt to recover from last week’s sharp declines across major U.S. indexes.
The S&P 500 fell 1.6%, the Nasdaq Composite dropped 3%, and the Dow Jones Industrial Average lost 1.2% over the week.
Heavy selling hit leading tech stocks such as NVIDIA (NASDAQ: NVDA), Apple (NASDAQ: AAPL), and Microsoft (NASDAQ: MSFT), with Nvidia tumbling over 7%. Analysts attributed the downturn to warnings of overvaluation and waning AI euphoria.
Fed Outlook Adds to Market Volatility
Traders also weighed prospects for the Federal Reserve’s next policy move.
According to CME FedWatch, markets are pricing in a 61.9% chance of a 25-basis-point rate cut in December, and a 38.1% chance of the Fed holding rates steady.
As optimism grows over a shutdown resolution, investors are hoping for renewed market stability after weeks of uncertainty and tech-driven volatility.
