Centrist Democrats Provide Critical Support to End Government Shutdown

Barry Adams
10 Nov, 2025
New York City

Wall Street indexes rebounded sharply on Monday as key Democrats showed readiness to support the ending of the federal government shutdown. 

The S&P 500 index increased 0.8%, and the Nasdaq Composite advanced 1.3% amid optimism that the Senate lawmakers are set to pass a spending resolution to fund the government as early as this week.

The deal includes measures to fund spending until January and rehire many fired federal employees but does not provide healthcare premium subsidies for lower-income citizens.

However, Senate Majority Leader John Thune said on Sunday on the U.S. Senate floor that he would hold a vote on the measure in the next five weeks. 

Global financial markets rallied on Monday, and benchmark indexes in Tokyo, Hong Kong, Paris, Frankfurt, and London soared between 0.4% and 1.5%. 

This week as earnings season winds down, investors await the release of additional labor market updates from private sources. 

The longest U.S. federal government shutdown has prevented government agencies from releasing economic updates for the second consecutive month. 

Investors will focus on the ADP's payroll report for October, and economists are anticipating a contraction by 55,000. 

In the week ahead, about 70 companies are scheduled to release their quarterly results, including Applied Materials, Cisco Systems, and Walt Disney. 

 

U.S. Stock Movers 

Metsera Inc. plunged 14.5% to $70.84 after the obesity-focused drug company struck a merger deal with Pfizer. 

Late Friday, Metsera entered into an amended merger agreement with Pfizer, and under the terms, Pfizer will pay $65.60 in cash and a contingent value right entitling holders to additional payments of up to $20.65 in cash. 

The total price could reach as high as $86.25 per share, or about $10 billion, and the Danish weight-loss company Novo Nordisk dropped its bid to acquire the weight-loss startup.