Key Takeaways
- Major US stock indices surged on November 10, 2025, led by AI and tech stocks.
- The Nasdaq recorded its biggest single-day gain since May 27, rising 2.27%.
- Progress in ending the record US government shutdown boosted market sentiment.
- Nvidia surged 5.8%, Palantir jumped 8.8%, and Tesla climbed 3.7%.
Wall Street stocks ended sharply higher on Monday, November 10, 2025, with the S&P 500, Nasdaq, and Dow Jones all posting significant gains. The rally was driven by heavyweight technology stocks, particularly AI-related companies, rebounding from recent losses amid positive developments in Washington to end the longest government shutdown in US history.
The S&P 500 climbed 1.54% to close at 6,832.43 points, while the Nasdaq surged 2.27% to 23,527.17 points – marking its largest one-day percentage increase since May 27. The Dow Jones Industrial Average rose 0.81% to finish at 47,368.63 points.
Shutdown Resolution Progress
Market sentiment improved significantly after a compromise to restore federal funding cleared an initial Senate hurdle late on Sunday. The breakthrough could potentially end the 40-day federal shutdown this week, though the timing of final Congressional approval remains uncertain.
According to betting platform Polymarket, the probability of the shutdown ending this week stood at 88%. The prolonged closure has created substantial data gaps for both the Federal Reserve and financial markets, forcing reliance on private data that presents a mixed economic picture.
Tech and AI Stocks Lead Recovery
Heavyweight technology stocks staged a strong recovery after the S&P 500 technology sector index tumbled 4.2% last week. Leading the rebound, Nvidia – the world’s most valuable company – rose 5.8%, while AI data analytics firm Palantir jumped 8.8% and Tesla climbed 3.7%.
The semiconductor sector showed particular strength, with the PHLX semiconductor index jumping 3%. The small-cap Russell 2000 also participated in the rally, gaining 0.9%.
Sector Performance Highlights
Healthcare and Pharma: Eli Lilly rose 4.6% to a record high after Leerink Partners upgraded its rating. However, health insurers declined after the Senate deal excluded Affordable Care Act subsidies. Centene dropped 8.8%, Humana fell 5.4%, and Elevance Health declined 4.4%.
Airlines Under Pressure: Aviation stocks faced headwinds as government-directed flight cuts and staffing shortages disrupted US air travel. United Airlines dipped 1.3% while American Airlines fell 2.5%.
M&A Activity: Metsera slumped 14.8% after Pfizer emerged victorious in a $10 billion bidding war to acquire the company.
Earnings Season Update
The third-quarter earnings season is nearly complete, with impressive results from S&P 500 companies. According to LSEG data, 83% of the 446 companies that have reported so far have delivered better-than-expected earnings.
NASDAQ Top Performers and Decliners
Top Gainers (November 10, 2025)
- Galecto, Inc. (GLTO): +248.48%
- Movano Inc. (MOVE): +149.69%
- Columbus Acquisition Corp Rights (COLAR): +122.11%
- Cogent Biosciences, Inc. (COGT): +119.03%
- Hitek Global Inc. (HKIT): +89.50%
Top Losers (November 10, 2025)
- Sonder Holdings Inc. (SONDW): -61.86%
- Sonder Holdings Inc. (SOND): -60.02%
- SunCar Technology Group Inc. Warrants (SDAWW): -46.77%
- Clene Inc. Warrants (CLNNW): -42.70%
- YD Bio Limited Warrants (YDESW): -42.48%
