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Futures up: Dow 0.4%, S&P 500 1%, Nasdaq 1.5%

Nov 10 (Reuters) - U.S. stock index futures advanced on

Monday following signs of progress in Washington to end a record

U.S. government shutdown that has stalled economic data releases

and intensified concerns over the state of the economy.

Wall Street's main indexes ended last week with steep

declines, with the Nasdaq suffering its worst week in

more than seven months as worries about the labor market and

tech sector valuations dampened risk appetite.

In a procedural vote on Sunday, senators advanced a

House-passed bill that will be amended to fund the government

until January 30. If the Senate eventually passes the amended

measure, it still must be approved by the House of

Representatives and sent to President Donald Trump for his

signature, a process that could take several days.

"The interplay between government shutdown risks, heavy

Treasury issuance, and fading foreign demand for U.S. assets has

created a fragile liquidity backdrop," said Bob Savage, head of

markets macro strategy at BNY.

"If the U.S. government reopens smoothly and the Fed signals

readiness to stabilize liquidity, risk appetite could recover,

particularly in quality growth and AI-linked productivity

stories."

At 05:17 a.m., Dow E-minis were up 204 points, or

0.43%, S&P 500 E-minis were up 66 points, or 0.98%, and

Nasdaq 100 E-minis were up 382 points, or 1.52%.

The longest federal shutdown in history left both the

Federal Reserve and traders in the dark without official

economic readings and reliant on private economic indicators,

which provided a mixed picture of the labor market.

The shutdown has also weighed on the U.S. economy, with

federal workers going unpaid and White House economic adviser

Kevin Hassett saying in an interview that fourth-quarter U.S.

economic growth could be negative if the closure continues.

On betting website Polymarket, predictions for an end to the

shutdown this week stood at 87%.

Most AI and tech stocks were higher in premarket trading,

with AI bellwether Nvidia ( NVDA ) gaining 3.6%, while Alphabet

and Meta Platforms ( META ) added 2.2% and 2%,

respectively.

Other chipmakers also rose, with Qualcomm ( QCOM ) and Intel ( INTC )

up over 1.5% each. Broadcom ( AVGO ) gained 2.5% and

Micron Technology ( MU ) was up 4.4%.

Optimism around artificial intelligence has fueled a bull

run in U.S. stocks this year, but concerns around the

monetization of the technology and circular spending within the

sector drove a bout of selling in tech stocks last week.

Meanwhile, the earnings reporting period for the third

quarter is approaching its conclusion. Of the 446 S&P 500

companies that have reported, 83% have delivered

better-than-expected earnings, according to LSEG data.

Analysts now expect third-quarter earnings to have grown

16.8% year-on-year for the S&P 500, far higher than the initial

estimates of 8% annual growth.

Among other stocks, Metsera ( MTSR ) slumped 15.3% after

Pfizer won a $10 billion bidding war to acquire the company.

Beyond Meat ( BYND ) rose 4% ahead of quarterly results.

(Reporting by Twesha Dikshit in Bengaluru; Editing by Saumyadeb

Chakrabarty)