Dow, S&P 500, Nasdaq futures march higher as vote lifts hopes for end to US shutdown

November 10, 2025

Dow, S&P 500, Nasdaq futures march higher as vote lifts hopes for end to US shutdown

Breaking News

Image source: Adobe Stock



Tech led gains in US stock futures on Monday, after the Senate took a big step toward ending the record-breaking government shutdown that has clouded the picture of the economy. S&P 500 futures rose 0.9%, while those on the tech-heavy Nasdaq 100 climbed 1.4%.

Contracts on the Dow Jones Industrial Average, which includes fewer tech names, added 0.4%. Markets have turned upbeat amid optimism that the 39-day US shutdown could soon come to an end, after a weekend of deal-making in Washington.

A new bill was released late Sunday and quickly advanced in a key Senate procedural vote, after enough Democrats joined with Republicans to avoid a filibuster.

Meanwhile, it has disrupted federal services and delayed key economic data releases, such as the Consumer Price Index (CPI) and Producer Price Index (PPI) inflation readings and the monthly jobs report. Next up for the bill is a vote for final passage in the chamber, though its fate in the House remains uncertain.

The moves higher come after a bumpy week on Wall Street, which saw the worst tech sell-off since April with the likes of Nvidia (NVDA) struggled to make headway amid persistent worries about an AI bubble and overbaked valuations.

This week, investors will turn their attention to corporate earnings, with tech releases from CoreWeave, Oklo, and Rocket Lab. The entertainment sector will get a health check with results from The Walt Disney Company and Paramount Skydance. Yahoo Finance reports.

EdgeUp

🤖 TSMC’s slowing monthly sales fuel AI debate

Taiwan Semiconductor Manufacturing Co. reported slowing growth in monthly revenue, highlighting uncertainty over the sustainability of the AI boom even as industry behemoths including Nvidia Corp. chase more chip supplies.

The company posted a 16.9% rise in sales for October, the slowest pace since February 2024. Analysts on average are expecting sales to increase 16% in the current quarter.

TSMC’s American depository receipts were up as much as 3% in pre-market trading.

Industry executives remain buoyant about AI-driven growth as major tech firms are accelerating investments in data centers. The TSMC revenue gain also just covers just a single month of business, offering investors less insight. Yahoo Finance reports.


💊 Pfizer to acquire Metsera under amended deal

Metsera said late Friday it signed an amended merger agreement with Pfizer (PFE) under which Pfizer will acquire Metsera for up to $86.25 per share.

The new consideration consists of $65.60 per share in cash and a contingent value right entitling holders to additional payments of up to $20.65 per share in cash.

Metsera said its board has determined that the revised terms represent the "best transaction" for its shareholders and that the deal proposed by Novo Nordisk presents "unacceptably high legal and regulatory risks."

The companies expect the deal to close following Metsera's stockholder meeting on Thursday .

Novo Nordisk said over the weekend it doesn't plan to make an increased offer for Metsera.

On Thursday, the company submitted a revised unsolicited proposal at a price of $65.60 per share in cash and contingent value rights for up to $20.65 per share in cash.

Metsera shares were down 15% in recent premarket activity Monday, while Pfizer rose 0.7%. MarketScreener reports.


🚜 China suspends some critical mineral export curbs to the U.S. as trade truce takes hold

China has rolled back a number of restrictions on its export of critical minerals and rare earth materials to the United States, in a sign that a trade truce between the world’s two largest economies is holding.

China’s Ministry of Commerce said Friday that it would suspend some export controls on critical minerals used in military hardware, semiconductors and other high-tech industries for a year.

The suspended restrictions, first imposed on Oct. 9, include limits on the export of certain rare earth elements, lithium battery materials, and processing technologies.

The export relaxations follow talks between U.S. President Donald Trump and Chinese President Xi Jinping in Busan, South Korea, on Oct. 30. CNBC reports.


📊 CoreWeave Faces Earnings Pressure as Cracks Appear in AI Trade

After last week’s selloff, this is a tough time to be raising the issue of spending on artificial intelligence. But that’s precisely what CoreWeave Inc.’s quarterly results after the bell Monday are about to do.

Shares of the cloud-computing company plunged 22% last week amid a broader unwinding of the AI trade that sent the S&P 500 Index tumbling to its first weekly loss in a month.

Now, investors will be closely watching CoreWeave’s results as concerns mount about heavy spending by companies like Meta Platforms Inc. and Microsoft Corp., as well the circularity of many AI deals announced in recent weeks, with OpenAI at the center.

Most of CoreWeave’s sales come from Meta, Microsoft and Alphabet Inc. Yahoo Finance reports.


🤖 Elon Musk's pay package is a clear signal that Tesla is done being just a car company

The richest person in the world now has a clear path to become the first $1 trillion man.

Elon Musk will have to hit key milestones, perhaps even improbable ones, to unlock record-breaking compensation.

Still, why is the pay deal designed to incentivize a chief executive so big?

The simple answer is that not all CEOs are equipped with Musk's vision, the commensurate cult of personality, Wall Street "juice," and bully pulpit.

It's also a vote to go all in on whatever that vision is. (They might as well - they're paying for it!) And that vision is clearly pulling the e-brake, drifting away once and for all from the idea that it's a car company and shooting for the moon.

Transforming and electrifying the auto industry was simply not enough. Yahoo Finance reports.


Aifleet’s bold move: cutting its fleet size to survive in freight recession

Aifleet, the venture capital-funded startup that looked to AI as the key to a breakthrough approach in moving freight profitably as a technology-driven carrier, is making significant cutbacks but continues to operate.

In an interview with FreightWaves, aifleet founder and CEO Marc El Khoury said the cutbacks will take a fleet that a few weeks ago stood at about 180 and bring it down to a number that he said would be far less than that.

The size of the personnel cutbacks “won’t be 100, but it will be close to that,” El Khoury said. The job reductions will also include office personnel.

In an internal memo to aifleet employees obtained by FreightWaves, El Khoury told the staff that “as of early last week, we were actively pursuing several viable paths to continue funding operations in our current form.

However, conditions evolved abruptly (memo’s emphasis) on Friday as a key supplier terminated our contract. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.


1) RUM: Rumble
Total gain: +23.59%

2) SRDX: Surmodics
Total gain: +22.95%

3) THS: Treehouse Foods
Total gain: +16.32%

4) ABVE: Above Food Ingredients
Total gain: +15.01%

5) IMNN: Imunon
Total gain: +13.25%

Friday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on November 7.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) MSGM: Motorsport Games Inc.
Total gain: +70.78%
The company announced that a console port of Le Mans Ultimate is now in early production and the Company is looking forward bringing this unique experience to PlayStation and Xbox gaming consoles with a current estimated delivery between late 2026 and early 2027. Globe Newswire reports.

2) GIFI: Gulf Island Fabrication, Inc.
Total gain: +49.68%
The stock appeared to be moving on no notable news.

3) GMED: Globus Medical, Inc.
Total gain: +35.94%
The company announced its financial results for the quarter ended September 30, 2025.

  • Worldwide net sales were $769.0 million, an increase of 22.9%, or an increase of 22.3% on a constant currency basis
  • Base business, excluding Nevro, net sales were $669.8 million, an increase of 7.0%, or an increase of 6.5% on a constant currency basis
  • GAAP net income for the quarter was $119.0 million
  • GAAP diluted earnings per share (“EPS”) was $0.88 and non-GAAP diluted EPS was $1.18, increasing 134.0% and 42.6%, respectively

Globe Newswire reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


CMCL: Caledonia Mining
Q3 2025
Before Market Open
Estimate: 0.780
Actual: 0.770

RUM: Rumble
Q3 2025
Before Market Open
Estimate: -0.060
Actual: -0.060

SARO: StandardAero
Q3 2025
After Market Close
Estimate: 0.200
Actual: N/A

Parting Thoughts

“The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.”

– William O’Neil

Sourced in 20 Best William O’Neil Quotes Every Trader Should Know – TraderLion.

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