US stocks jump as shutdown nears end: S&P climbs 1%, Nasdaq climbs 1.6%

Market Overview - US equities experienced a significant rise, with the S&P 500 increasing by 1%, the Nasdaq Composite gaining 1.6%, and the Dow Jones Industrial Average adding 250 points or 0.5%, indicating broad momentum across various sectors [2][4] Government Shutdown Developments - A procedural measure in the Senate passed with at least 60 votes, allowing further votes on a funding compromise, which is expected to reopen the federal government through January and reverse some layoffs caused by the shutdown [3][5] - The shutdown, now in its sixth week, has negatively impacted consumer confidence, with sentiment dropping to its lowest level in over three years, just above its worst reading on record [6] Sector Performance - Stocks of leading companies in the artificial intelligence sector, such as Nvidia and Broadcom, rebounded after last week's selloff driven by valuation concerns [2][4] - Airline stocks rose as fears of travel disruptions eased ahead of Thanksgiving, with United Airlines and Delta Air Lines each rising around 2% [8] - Semiconductor stocks climbed following China's suspension of export restrictions on rare earth minerals, with the VanEck Semiconductor ETF rising more than 2% and Nvidia gaining 3.3% [10]