Tech Rallies, Palantir Jumps 6% As Shutdown End Looms: What's Moving Markets Monday?

Market Overview - Wall Street experienced a rebound on Monday, recovering part of last week's steep losses as investors showed increased confidence in risk assets due to signs that the government shutdown may soon conclude [1][3] - The S&P 500 gained 0.8%, the Russell 2000 rose 0.7%, and the Dow Jones Industrial Average added 0.1% [4][5] Government Shutdown - The Senate approved a procedural vote to advance a bill aimed at reopening the government, with eight Democratic senators joining Republicans, which eased previous demands for guaranteed Affordable Care Act subsidies [2][3] Technology Sector Performance - Technology stocks, which faced significant declines last week due to concerns over an AI bubble, rebounded strongly, with the Nasdaq 100 climbing nearly 1.5%, marking its best day in two weeks [3] - Palantir Technologies Inc. saw a notable increase of 6.2%, recovering from an 11% drop the previous week, marking its strongest performance since July [3][7] Commodities and Cryptocurrencies - In commodities, gold and silver advanced due to safe-haven demand amid rising government debt levels, with the VanEck Gold Miners ETF increasing by over 4% [4] - Bitcoin edged up 0.3% to reclaim the $105,000 mark, while Ethereum slipped 1.5% to $3,520 [4] Major Indices and ETFs Performance - The Vanguard S&P 500 ETF rose 0.7% to $621.23, while the tech-heavy Invesco QQQ Trust Series increased by 1.3% to $617.25 [8] - The Technology Select Sector SPDR Fund outperformed, up 1.4%, while the Consumer Staples Select Sector SPDR Fund lagged, down 0.9% [8] Top Gainers and Laggards - Top gainers in the S&P 500 included Palantir Technologies Inc. (+6.69%), Albemarle Corporation (+6.41%), and Micron Technology, Inc. (+6.29%) [7] - Top laggards included Centene Corporation (-8.44%), Molina Healthcare, Inc. (-6.59%), and Ball Corporation (-5.25%) [9]