U.S. Stocks Rally as Government Shutdown Nears End; Spot Gold Surges 2.87%

Stock News2025-11-11

Major U.S. stock indices closed higher on Monday amid optimism that the prolonged government shutdown could conclude by the weekend. The Senate advanced a critical procedural step toward resolving the historic 40-day impasse.

**U.S. Markets**: The Dow Jones rose 381.53 points (0.81%) to 47,368.63, while the Nasdaq surged 522.64 points (2.27%) to 23,527.17. The S&P 500 gained 103.63 points (1.54%) to 6,832.43. Tech stocks led gains: Micron Technology (MU.US) climbed over 6%, Nvidia (NVDA.US) rose 5.7%, Tesla (TSLA.US) gained 3%, and Alphabet (GOOG.US) added 4%. The Nasdaq Golden Dragon China Index jumped 2.25%, with XPeng (XPEV.US) soaring 16% and Baidu (BIDU.US) up 5%.

**European Markets**: Germany’s DAX 30 rose 1.73% to 23,963.66, the UK’s FTSE 100 gained 1.07% to 9,785.92, and France’s CAC 40 advanced 1.40% to 8,061.73. The Euro Stoxx 50 rose 1.74% to 5,663.55.

**Commodities**: December WTI crude rose 0.64% to $60.13/barrel, while January Brent crude edged up 0.68% to $64.06. Spot gold surged 2.87% to $4,115.75/oz, with JPMorgan Private Bank forecasting a potential rally to $5,000+ by 2026, driven by central bank demand.

**Cryptocurrencies**: Bitcoin rose 0.92% to $105,730.90, while Ethereum dipped 0.89% to $3,551.68.

**Forex**: The dollar index slipped 0.02% to 99.589. EUR/USD dipped to 1.1561, while GBP/USD rose to 1.3180. USD/JPY climbed to 154.07.

**Macro Highlights**: - The Senate cleared a procedural hurdle, signaling a potential weekend resolution to the shutdown. House Speaker Johnson pledged a 36-hour notice for lawmakers to vote post-Senate approval. - Alternative inflation metrics (OpenBrand) showed easing price pressures in October, with durable goods inflation slowing to 0.22% MoM. - Fed’s Moussalem cautioned against aggressive rate cuts, projecting a Q1 economic rebound. - BlackRock marked its $150M loan to bankrupt Renovo Home Partners to zero, exposing private credit valuation risks.

**Corporate News**: - Coinbase (COIN.US) plans a "pre-launch token access" platform using algorithmic allocations to deter concentration. Monad will debut its token in late November. - C3.ai (AI.US) explores strategic options, including a sale, after CEO Siebel’s resignation. Shares have plunged 54% YTD. - Wells Fargo estimated Tesla’s (TSLA.US) October deliveries fell 23% YoY globally, citing IRA subsidy expiry and overseas competition.

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