Stock futures rose on Monday after Senate lawmakers took a critical step towards a potential deal to end the historic U.S. government shutdown. S&P 500 futures gained nearly 1% and futures tied to the Dow Jones Industrial Average added 182 points, or 0.4%. Nasdaq-100 futures were trading 1.4% higher. Nvidia, Broadcom and other artificial intelligence bull market leaders led the gains in premarket trading as a possible end to the shutdown put investors in a risk-taking mood again. Those stocks led the broader market lower last week as those on Wall Street grew worrisome about elevated valuations in the AI trade. Investors continue to monitor lawmakers’ negotiations to pass a federal funding bill that would end a shutdown. A procedural measure that allows other votes on the agreement to be held on Monday was approved by a minimum of 60 yes votes, after eight senators in the Democratic caucus broke with party leadership to support the deal. The deal being would reopen the government into January and reverse some of the recent mass federal layoffs. It also includes future protections for government workers. The agreement does not include an extension of ACA credits, a key sticking point for most Democrats, but it would call for a vote on the subsidies in December. A final vote in the Senate on the funding bill will need to be held, followed by passage by the House. Concerns over the shutdown have driven consumer sentiment to its lowest level in more than three years, just above its worst-ever, according to a University of Michigan survey released on Friday. Due to the closure, federal agencies are no longer releasing many key economic reports, including the Consumer Price Index and Producer Price Index, which were scheduled for release this week. “As the shutdown is having an increasingly negative impact on the US economy, concluding it is obviously a positive, but it’s also happening at a seasonally favorable time of the year, with many taking the 60-40 vote last night as a green light for a year-end rally to … commence,” said Vital Knowledge founder Adam Crisafulli. “We’re not ready to declare all clear just yet – the shutdown was only one of three factors weighing on sentiment.” The shutdown has added to angst in the stock market, which is coming off a rough week as a result of investors’ mounting concerns regarding AI valuations. The Nasdaq Composite posted its worst week since the tariff-driven selloff in April, losing 3%. The S&P 500 lost 1.6% and the Dow Jones Industrial average shed 1.2% for the week. Investors will get a look at a handful of earnings reports this week, including Walt Disney’s quarterly results on Thursday. U.S. Treasury yields rose on Monday as investors are optimistic that the historic government shutdown is nearing an end as lawmakers negotiate a deal. The 10-year Treasury yield was up more than 3 basis points at 4.132%. The 2-year note yield also rose more than 3 basis points to 3.593%. The 30-year bond added 3 basis points to yield 4.731%. Asia-Pacific markets traded higher Monday, after artificial intelligence valuation concerns fueled declines in markets across the region last week. South Korea’s Kospi climbed 3.02% and ended at 4,073.24, led by banks and insurance stocks, while the small-cap Kosdaq was 1.32% up at 888.35. Japan’s Nikkei 225 advanced 1.26% and finished at 50,911.76, while the broad-based Topix was up 0.56% to 3,317.42. Yields of 10-year Japanese government bonds inched up to as high as 1.7%, their highest since October. Hong Kong’s Hang Seng index also joined the recovery rally, up 1.54%, while the CSI 300 on mainland China gained 0.17%. Oil prices rose on Monday on optimism that the U.S. government shutdown could end soon and lift demand in the world’s top oil consumer, offsetting concerns about rising supplies globally. Brent crude futures rose 50 cents, or 0.79%, to $64.13 a barrel. U.S. West Texas Intermediate crude was at $60.28 a barrel, up 53 cents, or 0.89%. Gold prices rose 2% on Monday, hitting their highest level in two weeks, as weak U.S. economic data bolstered expectations for a Federal Reserve rate cut next month, while a softer dollar lent further support to bullion. Spot gold climbed 2% to $4,080.09 per ounce, hitting its highest since October 27. U.S. gold futures for December delivery rose 2% to $4,089 per ounce. The dollar index fell 0.1%, making gold more affordable for overseas buyers.