U.S. stocks surged Monday as momentum built on Capitol Hill toward ending the 41-day government shutdown—the longest in American history. Hopes for a deal sent markets higher: the Dow Jones Industrial Average jumped 0.8 percent, the S&P 500 climbed 1.5 percent, and the tech-heavy Nasdaq soared 2.3 percent.
The rally followed news that the Senate had locked in a final vote Monday night on a short-term funding bill—until January 30–to reopen the government. In a rare Sunday session, lawmakers narrowly advanced the measure in a 60–40 vote, clearing the procedural hurdle needed to move forward.
The Senate was set to launch a rapid series of eight votes beginning at Monday (early Tuesday in Manila), with the final one expected to approve the funding package. If it passes, the bill will move to the House, where Speaker Mike Johnson said a vote could come as soon as Wednesday.
“Americans are tired of the gridlock. It’s time to get the government back open,” Johnson said Monday.
Investors cheered signs of progress after weeks of political stalemate that rattled confidence and delayed federal spending. Tech and consumer stocks led the charge, reflecting optimism that government paychecks and contracts could soon start flowing again.
Wall Street’s reaction underscored a broader sigh of relief: after more than a month of uncertainty, traders are betting that Washington may finally be ready to hit the reset button—and keep the economy moving.
