Following a week of declines, Nasdaq Futures experienced an uptick, driven by investor optimism regarding the proximity of a resolution to the unprecedented U.S. government shutdown. Futures linked to the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average experienced increases of 1.5%, 0.9%, and 0.4%, respectively. Last week, the Nasdaq experienced a decline of 3%, marking its most significant weekly downturn since President Donald Trump influenced markets with his “Liberation Day” tariffs in early April. Meanwhile, the S&P 500 decreased by 1.6%, and the Dow saw a reduction of 1.2%.

Late Sunday, the Senate moved forward with a procedural measure to facilitate additional votes today regarding an agreement aimed at concluding the shutdown, which has now reached 41 days. Eight Democrats collaborated with Republicans to achieve the 60-vote threshold necessary for advancing the measure. The shutdown is impacting consumer sentiment, which has declined to its lowest point since June 2022, coinciding with the peak of post-pandemic inflation at its highest rate in four decades, according to a monthly survey conducted by the University of Michigan.

The yield on the 10-year Treasury, a key determinant of interest rates for consumer loans such as mortgages, increased to 4.12% from 4.10% at the close on Friday. The bond market will observe a closure in observance of Veterans Day tomorrow, while stock markets will remain operational. Gold futures increased by over 2% to approximately $4,100 per ounce, whereas West Texas Intermediate futures, the benchmark for U.S. crude oil, edged up to around $60 per barrel. Bitcoin was trading around 106,500, up from a weekend low of below 101,500. The U.S. dollar index, which measures the value of the greenback relative to a selection of foreign currencies, remained relatively unchanged at 99.54.

Metsera shares sank 15% in premarket trading after the weight-loss drugmaker agreed to be acquired by Pfizer for about $10 billion following Novo Nordisk’s withdrawal from the bidding war. Shares of Novo Nordisk increased by 1.5%, whereas Pfizer’s shares saw a rise of 0.5%. Tesla stock, which dropped about 4% Friday after investors approved a proposed pay package for CEO Elon Musk that could be valued at $1 trillion if the company and its stock achieve ambitious performance targets, rose 2% before the bell. Elsewhere, CoreWeave shares surged 5% ahead of the company’s quarterly earnings report after the closing bell, while those of health insurers, including UnitedHealth, CVS Health, and Centene, fell after President Trump stated that federal funding under the Affordable Care Act should go directly to the public instead of to these companies. In the aftermath of earnings reports, shares of Monday.com experienced a decline of 20%, whereas the stocks of Instacart operator Maplebear, Barrick Mining, and Tyson Foods saw increases of approximately 8%, 5%, and 3.5%, respectively.