The Economic Times·2025-11-11 02:19Core Insights - Wall Street experienced a significant rally, driven by substantial gains in AI-related companies such as Nvidia and Palantir, following progress in Washington to potentially end a record government shutdown [1][6] - The S&P 500, Nasdaq, and Dow Jones Industrial Average all posted notable increases, with the S&P 500 climbing 1.54% to 6,832.43 points, the Nasdaq gaining 2.27% to 23,527.17 points, and the Dow rising 0.81% to 47,368.63 points [2][6] Company Performance - Nvidia, recognized as the world's most valuable company, saw its stock rise by 5.8% [6] - Palantir, an AI data analytics firm, experienced an 8.8% increase in its stock price [6] - Tesla's stock climbed 3.7%, contributing to the overall positive performance of heavyweight tech stocks [6] - Eli Lilly's stock reached a record high with a 4.6% increase after an upgrade from Leerink Partners [6] Market Trends - The technology sector within the S&P 500 had previously faced a decline of 4.2% last week, indicating a rebound in the current trading session [6] - Advancing issues outnumbered declining ones in the S&P 500 by a ratio of 1.7-to-one, highlighting a broad market recovery [6] - The S&P 500 recorded 32 new highs and 8 new lows, while the Nasdaq noted 106 new highs and 128 new lows, reflecting a mixed performance among stocks [6]