U.S. stock futures jumped Monday after the Senate cleared a key procedural hurdle toward ending the longest government shutdown in U.S. history, lifting risk appetite at the start of a data-light week. By 05:45 ET (10:45 GMT), Dow Jones futures were up 230 points (0.5%), S&P 500 futures gained 66 points (1.0%), and Nasdaq 100 futures rallied 380 points (1.5%).

The risk-on tone followed a 60–40 Senate test vote to advance a funding bill that would keep the government open at least through January 30, 2026—still requiring a final Senate vote, House approval, and the President’s signature. Hopes of a resolution helped offset concerns over the shutdown’s mounting economic toll, from travel disruptions to a slide in consumer sentiment to a 3½-year low. The blackout of official data has left investors and policymakers navigating with limited visibility, a challenge that may persist even after Washington reopens as agencies rebuild release schedules.

Wall Street also looked to stabilize after last week’s tech-led rout—the Nasdaq logged its worst week since April—amid warnings that AI-driven valuations had outrun earnings power. Sentiment improved at the margin after Taiwan Semiconductor Manufacturing Co. reported strong October revenue, reinforcing evidence of robust demand for advanced chips as global firms expand data-center capacity.

The earnings calendar thins following a heavy stretch, with only two Dow components on deck—Cisco Systems and Walt Disney—while deal activity remains in focus after Pfizer’s $10 billion agreement to buy obesity-drug developer Metsera, ending a bidding duel with Novo Nordisk.

Rate policy remains the wild card into December. With the data fog likely to linger, markets are handicapping just over a 60% probability of a 25 bp cut next month, though any move will hinge on the scant private indicators and the Fed’s read of underlying growth and inflation.

Commodities reflected the brighter mood. Gold leapt back above the $4,000/oz mark—spot up 1.9% to $4,077 and futures up 1.9% to $4,085.65—on a softer dollar and lingering macro uncertainty, while crude edged higher on hopes that a shutdown end would bolster U.S. demand (Brent $63.75, +0.2%; WTI $59.87, +0.2%). The COP30 climate summit kicking off in Brazil adds a further policy backdrop this week, with energy markets alert to any signals on long-term supply-demand dynamics.

Bottom line: A prospective Washington breakthrough and resilient chip demand are providing early ballast to risk assets. With official data still sparse and policy odds in flux, durability of the bounce will depend on whether earnings and guidance can justify stretched multiples while the macro picture gradually comes back into view.