By William Collins, consultant in stock markets – Eurasia Business News, November 10, 2025. Article no 1891

Wall Street, Manhattan, New York City- Photo credit : Swann Collins

U.S. stock markets rallied significantly amid hopes of an end to the longest government shutdown in history. The S&P 500 rose about 1.2%, extending a late rally from Friday. The tech-heavy Nasdaq jumped around 1.9%, snapping a two-session losing streak, with tech stocks and AI leaders like Nvidia fueling gains. The Dow also gained, up by a few hundred points.

Chip stocks including Micron Technology and Taiwan Semiconductor Manufacturing Company (TSMC) saw strong gains. Micron Technology (MU) surged about 6.47% to close around $253.31, reaching a day high near $257.07. TSMC (TSM) rose around 3.22%, finishing the day near $295.74 with an intraday high just above $297. Both were lifted by positive market sentiment linked to hopes of an end to the U.S. government shutdown and optimism in the semiconductor sector.

Additionally, the Magnificent Seven large tech companies, including Alphabet (Google) and Tesla, also experienced higher stock prices on the same day, contributing to the broader Nasdaq rally.

Market optimism was driven by Senate progress toward a funding bill expected to reopen government operations, though some uncertainty remains about legislative details and final approval.

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The U.S. Senate cleared a crucial hurdle late Sunday after Democrats provided just enough votes to advance a measure designed to end the impasse. The Senate’s next big step will be to send the measure back to the Republican-led House.

Gold prices surged past $4,100 per ounce, hitting a two-week high. This rally was boosted by the prospect of rate cuts by the Federal Reserve in December and a softer U.S. dollar, alongside the hope for the shutdown’s end. Market participants are betting on a 25 basis point Fed rate cut next month, partly due to weak recent job market data.

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Silver prices showed a significant positive performance. Silver futures traded around $50.40 per ounce, marking a gain of approximately 4.7% for the day. The day saw silver prices fluctuate between a low of about $48.23 and a high near $50.48. This jump in silver prices was part of a broader precious metals rally amid hopes for the end of the U.S. government shutdown and positive market sentiment. The rise in silver was also supported by increased industrial demand and ongoing economic uncertainties, which tend to boost the appeal of safe-haven assets like silver. 

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© Copyright 2025 – Eurasia Business News. Article no. 1891