The resolution of the government shutdown is hoped to boost the market, with the Nasdaq rising 1.9%
According to Jinshi News, on Monday, U.S. stocks rose as investors expressed optimism about Congress members nearing an agreement to end the longest government shutdown in U.S. history. The tech-heavy Nasdaq 100 index rose 1.9%, ending a two-day decline. Matt Maley of Miller Tabak stated that the resolution of the Washington deadlock is undoubtedly a positive development, but there are still questions about how long the rebound can last. Airlines that had to cancel flights due to the shutdown, including Delta Air Lines and United Airlines, saw their stock prices rise. Risk appetite also swept through sectors including cryptocurrencies and semiconductors, boosting the stock prices of Nvidia and Advanced Micro Devices.
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