Wall Street Rallies as Shutdown Deal Lifts Markets

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•  10 Nov 2025
 

•   BA  
   
  +4.41%
•   FDX  
   
  +6.79%
•   MNDY  
   
  -2.66%
•   NVDA  
   
  -6.47%
•   PFE  
   
  +7.87%

Wall Street opened the week with conviction, and for once, it wasn't about earnings or Fed commentary. The Nasdaq climbed as the Senate pushed through a bipartisan interim measure with a 60-40 vote, signaling real progress toward ending the government shutdown that's kept economic data frozen and investors guessing for weeks.

Eight Democratic senators crossed the aisle to support the deal, which would fund the government through January and reverse some recent public sector layoffs. It's not perfect Democrats didn't get their healthcare subsidy extension but it's movement, and markets care about direction more than perfection right now.

What traders really want is the data. With the shutdown potentially ending, we're finally going to see October inflation and unemployment numbers, retail sales figures, and producer price indices. The Fed has been flying blind, and so have we. Getting those releases back means getting clarity on where interest rates might actually be headed, rather than trading on speculation and vibes.

The 10-year Treasury yield ticked up to 4.15%, a modest move that suggests bond traders aren't panicking about what those delayed numbers might reveal. That's encouraging it means the market isn't bracing for disaster, just looking for information to work with.

$NVDA bounced back after last week 7% slide, its worst weekly performance since April. The AI darling has been caught in the broader reassessment of tech valuations, with investors questioning whether the premium prices on these names have gotten ahead of fundamentals. $PLTR followed suit with a 3.6% recovery after dropping 11% last week. Both moves suggest some bargain hunting is happening, though the underlying question about AI stock valuations hasn't gone away.

$TSMC reported 16.9% year-over-year revenue growth for October impressive by normal standards, but the slowest pace we've seen from them since early 2024. Previous months were running 30-40% growth, so this deceleration caught attention across Asian markets and rippled through tech stocks globally. When you combine this with warnings from prominent investors, including Michael Burry short positions against Nvidia, you start to see why some traders are getting cautious about whether this is just a breather or something more significant.

Israeli stocks stole some headlines with dramatic swings. $MNDY plunged 15% on quarterly results while $PAGAYA surged a similar amount on its own earnings. Tower Semiconductor jumped 13% on strong guidance, while Camtek disappointed with weak forward projections. SolarEdge rocketed 13% higher, and eToro climbed 8%. It's a reminder that individual stock stories still matter, even when macro themes dominate the conversation.

$TSLA recovered 2.5% after Friday 3.7% drop, which came on news of Elon Musk newly approved compensation package potentially worth over a trillion dollars if he hits performance targets. Meanwhile, the Cybertruck program head announced his departure after eight years, starting as an intern. Personnel changes at Tesla rarely move the needle much, but they're worth watching as the company navigates its next phase.

The Pfizer-Metsera deal showcased how quickly sentiment can shift. $MTS dropped 15% to $70.45 even though $PFE is paying $65.60 cash per share plus contingent value rights worth up to $20.65 more. The math doesn't immediately explain the drop, but these things happen when acquisition certainty replaces speculation. Pfizer gained 0.9% on the news, benefiting from adding weight-loss drug capabilities to its portfolio.

Boeing situation got more complex as the FAA grounded all MD-11 cargo planes following last week UPS crash that killed 14 people. $BA managed to edge up 1.2% anyway, possibly because the MD-11 is ancient history production ended in 2000 and this doesn't impact current manufacturing. $UPS and $FDX both suspended their MD-11 operations voluntarily and saw modest gains.

The week ahead brings earnings from Disney, Cisco, Applied Materials, and others, plus CoreWeave highly anticipated results today. The AI cloud provider using Nvidia chips has investors watching closely to see if their rapid growth story holds up under scrutiny.

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