Stock futures point higher amid optimism about reaching a deal to end the US government shutdown

Stock futures rose after a week of declines, as investors were optimistic that a deal was close to ending the record US government shutdown.

Futures tied to the tech-heavy Nasdaq, the S&P 500, and the blue-chip Dow Jones Industrial Average rose 1.4%, 0.9%, and 0.4%, respectively. Last week, the Nasdaq fell 3% — its worst weekly performance since President Donald Trump rocked the markets with his “Deregulation Day” tariffs in early April — while the S&P 500 lost 1.6% and the Dow Jones fell 1.2%.

Late Sunday, the Senate introduced a procedural measure to allow another vote today on an agreement to end the shutdown, which is now 41 days long. Eight Democrats joined Republicans to reach the 60-vote threshold to advance the measure. The shutdown is weighing on consumer sentiment, which has fallen to its lowest level since June 2022, when post-pandemic inflation reached its highest rate in 40 years, according to a monthly survey by the University of Michigan.

The yield on the 10-year Treasury note, which affects interest rates on consumer loans such as mortgages, rose to 4.13% from 4.10% at Friday’s close. The bond market will be closed for Veterans Day tomorrow, although stock markets will be open.

Gold futures rose more than 2% to about $4,100 an ounce, while West Texas Intermediate crude futures, the benchmark for U.S. crude oil, rose to about $60 a barrel. Bitcoin was trading at around $106,000, up from a weekend low of less than $101,500. The US dollar index, which measures the value of the US currency against a basket of foreign currencies, settled at 99.58.

Shares of Metsera (MTSR) sank 15% in pre-market trading after the weight-loss drug maker agreed to be acquired by Pfizer (PFE) for about $10 billion after Novo Nordisk (NVO) pulled out of a bidding war. Novo Nordisk shares rose 1.5%, while Pfizer shares rose 0.5%.

Tesla ( TSLA ) stock, which fell nearly 4% on Friday after investors gave the green light to CEO Elon Musk’s proposed $1 trillion pay package if the company and its shares meet ambitious performance goals, rose 2% before the bell.

Elsewhere, shares of CoreWeave (CRWV) rose 5% ahead of the company’s quarterly earnings report after the closing bell, and shares of health insurers, including UnitedHealth (UNH), CVS Health (CVS), and Centene (CNC), fell after President Trump said federal funding under the Affordable Care Act should go directly to the public instead of them.