{"id":27040,"date":"2025-11-11T12:04:37","date_gmt":"2025-11-11T12:04:37","guid":{"rendered":"https:\/\/ipp-news.com\/?p=27040"},"modified":"2025-11-11T12:04:37","modified_gmt":"2025-11-11T12:04:37","slug":"nvidia-palantir-power-market-rebound-as-us-shutdown-nears-resolution","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=27040","title":{"rendered":"Nvidia, Palantir power market rebound as US shutdown nears resolution"},"content":{"rendered":"
Wall Street ended sharply higher on Monday, led by big gains in Nvidia, Palantir and other heavyweight AI-related companies following progress in Washington to end a record government shutdown.<\/p>\n

The\u00a0longest government shutdown in US\u00a0history\u00a0could end this week after a compromise that would restore federal funding cleared an initial Senate hurdle late on Sunday, though it was unclear when Congress would give final approval.<\/p>\n

“The government shutdown was continuing a lot longer than people had expected. There were concerns around the economy, about flights potentially being cancelled and having a wider impact on the economy,” said Chris Zaccarelli, Northlight Asset Management’s chief investment officer.<\/p>\n

Heavyweight tech stocks rebounded from some recent losses. Last week, the S&P 500 technology sector index\u00a0(.SPLRCT)\u00a0tumbled 4.2%.<\/p>\n

Nvidia\u00a0(NVDA.O),\u00a0the world’s most valuable company, rose 5.8%. AI data analytics firm Palantir\u00a0(PLTR.O)\u00a0jumped 8.8% and Tesla\u00a0(TSLA.O)\u00a0climbed 3.7%.<\/p>\n

“This is a rebound after being slightly oversold last week. It’s another example of the “buy the dip” mantra really acting quickly in the tech and AI space,” said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky.<\/p>\n

“There is nothing structural hitting the AI theme. In fact, a lot of earnings reports have been really strong in that sector.”<\/p>\n

S&P 500 components so far in 2025<\/p>\n

The S&P 500 climbed 1.54% to end the session at 6,832.43 points.<\/p>\n

The Nasdaq gained 2.27% to 23,527.17 points, its biggest one-day percentage gain since May 27.<\/p>\n

The Dow Jones Industrial Average rose 0.81% to 47,368.63 points.<\/p>\n

The small-cap Russell 2000\u00a0(.RUT)\u00a0gained 0.9%, while the PHLX semiconductor index\u00a0(.SOX)\u00a0jumped 3%.<\/p>\n

Volume on US\u00a0exchanges was relatively light, with 17.9 billion shares traded, compared with an average of 20.8 billion shares over the previous 20 sessions.<\/p>\n

Airlines came under pressure as government-directed flight cuts and air traffic staffing absences disrupted US\u00a0air travel. United Airlines\u00a0(UAL.O)\u00a0dipped 1.3% and American Airlines\u00a0(AAL.O)\u00a0fell 2.5%.<\/p>\n

On betting website Polymarket, the probability of an end to the shutdown this week stood at 88%.<\/p>\n

The longest federal shutdown in history has created a data gap for the Federal Reserve and markets alike, leaving them dependent on private data that has given a mixed picture of the economy.<\/p>\n

Some Fed officials reiterated their caution regarding the monetary policy decision at the central bank’s next meeting, while Fed Governor Stephen Miran repeated his call for a big rate cut.<\/p>\n

Optimism around artificial intelligence has fueled a bull run in US\u00a0stocks this year, but concerns around monetisation and circular spending within the sector drove a bout of selling recently. The Nasdaq\u00a0(.IXIC)\u00a0last week marked its worst performance in over seven months.<\/p>\n

Meanwhile, the third-quarter earnings season is nearly complete. Of the 446 S&P 500 companies that have reported, 83% have delivered better-than-expected earnings, according to data compiled by LSEG.<\/p>\n

Shares of health insurers dropped after the U.S. Senate\u00a0struck\u00a0a deal to end the 40-day federal shutdown without extending Affordable Care Act subsidies, setting up a December vote on the issue instead.<\/p>\n

Centene\u00a0(CNC.N)\u00a0dropped 8.8%, Humana\u00a0(HUM.N)\u00a0fell 5.4% and Elevance Health\u00a0(ELV.N)\u00a0declined 4.4%.<\/p>\n

Metsera\u00a0(MTSR.O)\u00a0slumped 14.8% after Pfizer won a\u00a0$10 billion bidding war\u00a0to acquire the company.<\/p>\n

Eli Lilly\u00a0(LLY.N)\u00a0rose 4.6% to a record high after Leerink Partners upgraded its rating on the stock.<\/p>\n

Advancing issues outnumbered declining ones within the S&P 500\u00a0(.AD.SPX)\u00a0by a 1.7-to-one ratio.<\/p>\n

The S&P 500 posted 32 new highs and 8 new lows; the Nasdaq recorded 106 new highs and 128 new lows.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Wall Street ended sharply higher on Monday, led by big gains in Nvidia, Palantir and other heavyweight AI-related companies following progress in Washington to end a record government shutdown. The\u00a0longest government shutdown in US\u00a0history\u00a0could end this week after a compromise that would restore federal funding cleared an initial Senate hurdle late on Sunday, though it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-27040","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/27040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27040"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/27040\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}