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U.S. equities traded mostly lower on Tuesday, as investors consolidated positions following a strong rally in technology shares, while optimism grew that the longest government shutdown in U.S. history was finally nearing its end.
At 09:35 ET, the Dow Jones Industrial Average rose 80 points (0.2%), while the S&P 500 dipped 10 points (0.2%), and the NASDAQ Composite fell 102 points (0.4%).
The U.S. Senate approved a spending bill to end the prolonged shutdown, sending it to the House of Representatives for final approval after eight Democrats crossed party lines to support the measure.
Republicans, who hold majorities in both chambers, are expected to continue backing the legislation, which will then go to President Donald Trump for signature.
The deal could formally end the historic 41-day shutdown, which has disrupted key sectors and likely trimmed fourth-quarter GDP growth.
“The shutdown resolution (even though the government won’t actually reopen for several more days) is clearly a positive, and many feel it gives a bright green light for the much-anticipated year-end rally to finally commence,” said analysts at Vital Knowledge in a note.
Optimism over the resolution helped Wall Street close higher on Monday, driven by strong gains in artificial intelligence leaders such as Nvidia (NASDAQ:NVDA) and Palantir (NASDAQ:PLTR).
While the bulk of third-quarter earnings reports are behind us, several companies are still set to report this week.
According to UBS, the S&P 500 could reach 7,500 next year, up from around 5,830, supported by “around 14% earnings growth,” nearly half of which is expected from technology stocks.
In a Monday research note, UBS analysts wrote that the global economy “is poised to accelerate in 2026” as business confidence improves and fiscal stimulus gains traction.
However, they warned that over the coming months, advanced economies will need to “navigate a soft patch, with tariffs still feeding through to prices and exports.”
UBS forecasts roughly 10% total returns for U.S. equities in 2026, with gains driven primarily by earnings expansion rather than valuation growth.
CoreWeave (NASDAQ:CRWV) slipped after revealing a delay at a third-party data center partner, overshadowing otherwise strong third-quarter results.
The Nvidia-backed AI infrastructure provider recently struck multibillion-dollar deals with leading tech firms, including OpenAI and Meta Platforms (NASDAQ:META), to expand its role in the growing AI cloud computing space.
Paramount Skydance (NASDAQ:PSKY) rose after announcing plans to cut an additional $1 billion in costs, building on the $2 billion in savings previously outlined after its August merger.
Rocket Lab (NASDAQ:RKLB) gained after posting a smaller-than-expected quarterly loss, while TheRealReal (NASDAQ:REAL) surged 15% after raising full-year revenue guidance and delivering better-than-expected third-quarter results.
Crude oil prices advanced as investor sentiment improved on expectations that the U.S. government reopening will boost energy demand.
Brent crude rose 1.1% to $64.78 per barrel, while U.S. West Texas Intermediate (WTI) climbed 1.2% to $60.85 per barrel.
Despite the gains, traders remain cautious about potential oversupply risks next year. Earlier this month, OPEC+ agreed to raise December output targets by 137,000 barrels per day—matching October and November levels—before pausing increases in early 2026.
Palantir Technologies stock price
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