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Wall Street set for gains as Senate takes initial steps to end the shutdown
Fastcompany·2025-11-10 19:01

Core Insights - Wall Street is anticipating strong gains due to a bipartisan deal aimed at ending the federal government shutdown, which is currently the longest in U.S. history [1] - Futures for the S&P 500 rose by 0.9%, Dow Jones futures increased by 0.4%, and Nasdaq futures climbed by 1.5%, driven by optimism in the technology sector [1] - Health insurers are facing challenges as uncertainty regarding health care subsidies persists, impacting their market outlook [1] Market Reactions - The positive sentiment in the market is reflected in the futures, with S&P 500, Dow Jones, and Nasdaq all showing significant increases [1] - The technology sector is particularly strong, contributing to the rise in Nasdaq futures [1] Legislative Context - A test vote in the Senate has initiated procedural steps towards passing compromise legislation to fund the federal government, although final approval may take several days [1] - The ongoing negotiations lack a clear resolution regarding expiring health care subsidies, which are a point of contention for Democrats [1]