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US STOCKS-Wall Street set for strong open on government reopening hopes
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US STOCKS-Wall Street set for strong open on government reopening hopes
Nov 10, 2025 6:16 AM

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Futures up: Dow 0.4%, S&P 500 0.9%, Nasdaq 1.5%

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Metsera ( MTSR ) slumps after Pfizer wins bidding war

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Health insurers fall after Trump's comments on healthcare

funds

(Updates prices, analyst comment before markets open)

By Twesha Dikshit and Purvi Agarwal

Nov 10 (Reuters) - U.S. indexes were poised to open

higher on Monday following signs of progress in Washington to

end a record government shutdown that has stalled economic data

releases and intensified concerns over the state of the economy.

On Sunday, senators advanced a House-passed bill in a

procedural vote, that will be amended to fund the government

until January 30. If passed in the Senate, it would require

House approval and President Donald Trump's signature, which

could take several days.

"If we do get an end of the shutdown, it would be a

near-term positive ... with positioning cleaner, we could see

some dip buying," said Mohit Kumar, an economist at Jefferies.

"It would also open the path for data releases ... we

should start seeing initial claims data and there should be

sufficient time to collect data for the employment report in

early December."

Wall Street's main indexes ended last week with steep

declines, with the Nasdaq suffering its worst week in

over seven months as worries about the labor market and tech

sector valuations dampened risk appetite.

At 8:32 a.m. ET, Dow E-minis were up 176 points, or

0.37%, S&P 500 E-minis were up 64 points, or 0.95% and

Nasdaq 100 E-minis were up 381.5 points, or 1.52%.

The CBOE Volatility Index eased 0.7 points to 18.38,

retreating from a three-week high touched on Friday.

The longest federal shutdown in history has left both the

Federal Reserve and traders in the dark without official

economic readings and reliant on private economic indicators,

which have provided a mixed picture of the labor market.

The shutdown has also weighed on the 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 85%.

Shares of airlines rose on news of flights facing disruption

and government-mandated cuts due to air traffic control staffing

shortages.

United Airlines and Delta Airlines added

2% each.

Most tech stocks were higher in premarket trading, with AI

bellwether Nvidia ( NVDA ) gaining 3.4%, while Alphabet

and Meta Platforms ( META ) added 2.4% and 1.5%,

respectively.

Optimism around artificial intelligence has fueled a bull

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

and circular spending within the sector drove a bout of selling

in tech stocks last week.

Meanwhile, the third quarter earnings season approached its

conclusion. Of the 446 S&P 500 companies that have reported, 83%

have delivered better-than-expected earnings, according to data

compiled by LSEG.

Venture Global ( VG ) jumped 13% after the LNG exporter

swung to a profit in the third quarter.

Among other stocks, Metsera ( MTSR ) slumped about 15.5%

after Pfizer won a $10 billion bidding war to acquire the

company.

Shares of health insurers dropped after Trump on Saturday

urged Republicans to redirect federal money that currently goes

to health insurance companies under the Affordable Care Act and

send it directly to individuals.

Centene ( CNC ) fell 7.9% and UnitedHealth ( UNH ) lost 2%.

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