03:50 PM EST, 11/10/2025 (MT Newswires) -- US equity indexes rose ahead of Monday's close as a broad-based rally, led by communication services and technology, accompanied growing expectations that the longest federal government shutdown in the country's history is likely to end soon.

The Nasdaq Composite jumped 2.1% to 23,521.3, with the S&P 500 up 1.5% to 6,832.2 and the Dow Jones Industrial Average 0.8% higher at 47,342.8. All but one sector, consumer staples, rose intraday.

All three mainstream gauges fell last week due in part to a sell-off in AI-related companies. However, on Monday, the Global X Artificial Intelligence & Technology ETF ( AIQ ) , with net assets of $5.98 billion and investments in firms related to AI, jumped 2.9%, reflecting a return of risk appetite for areas hit last week when a valuation fright gripped Wall Street.

The $386 billion Invesco QQQ Trust (QQQ), a tech-heavy exchange-traded fund offering exposure to Magnificent-7 across technology and communication services sectors, advanced 2.4%.

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 note. Shares of Nvidia ( NVDA ) jumped 6.3% intraday, the top gainer on the Dow.

On the S&P 500 and the Nasdaq, the biggest outperformer was Palantir Technologies ( PLTR ) , with gains of 9.1%. The poster child for the so-called AI trade is making a comeback after the drubbing it got last week when its Q3 beat-and-raise reportedly failed to justify the 85 times price-to-sales ratio.

Meanwhile, expectations grew among investors that the government shutdown was nearing its end. GOP leaders are trying to push a funding bill as quickly as possible after the Senate took a key step last night toward reopening the government, CNN reported.

Senators need to agree on how long to debate before voting on the final bill, which must also bear President Donald Trump's signature.