04:54 PM EST, 11/10/2025 (MT Newswires) -- The Nasdaq Composite on Monday notched its biggest one-day rise since May amid optimism that the longest-ever federal government shutdown would soon end.

The index jumped 2.3% to 23,527.2, its strongest gain since May 27, when it jumped by 2.5%. The S&P 500 rose 1.5% to 6,832.4, while the Dow Jones Industrial Average added 0.8% to 47,368.6. Most sectors were higher, led by technology's 2.7% jump, while consumer staples saw the biggest drop.

Late Sunday, Senate lawmakers passed the first stage for a federal funding bill that is aimed at ending the government stoppage, which is now into its record 41st day, CNBC reported. Eight Democratic senators reportedly voted in favor of the deal to clear a 60-vote minimum threshold.

A final vote on the legislative package could come "in the very near future," possibly as early as Monday, CBS News reported, citing Senate Majority Leader John Thune. The final version of the bill will extend government funding until January, but it will still need approval from the House and the signature of the president, according to the report.

"The bottom line is that the end of the government shutdown will help avoid a more severe (gross domestic product) and corporate earnings slowdown," Macquarie said in a note to clients Monday. "The end of the shutdown may also help ease the recent liquidity squeeze at commercial banks."

As the government reopens, it paves the way for the release of key economic data that were previously withheld, including jobs reports, according to Morgan Stanley.

"We expect incoming employment reports to show continued weakness in labor demand, which we think will be enough for the (Federal Reserve) to cut in December," the firm said in report e-mailed to MT Newswires. "Stronger data than we expect, especially given the potential lack of (fourth-quarter) data in time for the meeting (in December), is a risk to this view."

US Treasury yields were higher, with the two-year rate gaining 3.5 basis points to 3.60% and the 10-year rate up 1.7 basis points at 4.12%.

Nvidia ( NVDA ) shares jumped 5.8%, the top gainer on the Dow, with Amazon.com ( AMZN ) and Microsoft ( MSFT ) among the best performers on the index.

Nvidia ( NVDA ) looks set to exceed its fiscal third-quarter revenue outlook by about $2 billion, in line with recent trends, and guide fourth-quarter sales above Wall Street's estimates, UBS Securities said in a client note emailed Monday. The chip-making giant is scheduled to release its latest results on Nov. 19.

In company news, TreeHouse Foods ( THS ) agreed to be taken private by a subsidiary of Investindustrial VIII in an all-cash deal with an enterprise value of around $2.9 billion. The food and beverage company's shares surged nearly 23%.

Ball (BALL) shares slumped 5.3%, among the steepest declines on the S&P 500, after the company named Ronald Lewis as chief executive, replacing Daniel Fisher, who stepped down from the role.

West Texas Intermediate crude oil was up 0.7% at $60.14 a barrel in Monday late-afternoon trade. "Oil prices climbed on optimism about stronger US demand, offsetting concerns over rising global supplies," D.A. Davidson said in a note to clients.

Gold was up 2.8% at $4,120.30 per troy ounce, while silver jumped 4.8% to $50.47 per ounce.