US Government Shutdown Nears End — Markets Roar Back! 🔥
After 42 days of political gridlock, the shutdown is finally ending — and Wall Street wasted no time celebrating.
📊 Nov 10 Rally:
• Nasdaq: +2.4%
• S&P 500: +1.6%
• Dow Jones: +0.8%
Despite an estimated $55B hit to output and 0.8% drag on GDP, optimism is back. The VIX plunged, signaling renewed confidence as traders await delayed CPI and jobs data — key for the Fed’s December call.
Technical setup:
• S&P 500 holding above 50-day SMA (6670) — next resistance 6765–6920
• Dow steady above 47,000, with strong bullish momentum
Historically, markets rebound fast post-shutdown — the S&P 500 averages +12.7% in the following year. Sectors leading the charge: AI, defense, infrastructure, and consumer plays.
Confidence is back — the year-end rally may just be heating up. 🔥
BNB
946.26
-2.09%
BTC
101,104.3
-2.27%
SOL
152.1
-4.11%