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tocks Get Late-Day Boost on Shutdown-Deal Hopes: Closing Bell
Posted
November 7, 2025
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November 7, 2025
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10:33Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Kristine Aquino, Carol Massar and Tim Stenovec.
Wall Street saw a sharp bounce from session lows amid hopes that US lawmakers are getting closer to a deal ending the longest shutdown in American history. Crypto trimmed this week’s plunge.
Equities wiped out losses, with nearly 400 shares in the S&P 500 rising. While Senate Republicans rejected Democrats’ proposal to scale back their demands to a one-year extension of expiring health-care subsidies, the fact that the parties were trading offers was seen as a positive step. The Nasdaq 100 pared most of its Friday’s slide, but posted its worst week since April.
As federal agencies publishing economic data went dark, the US payrolls report was not released on Friday. A survey conducted by 22V Research showed that a labor-market unwind is the biggest risk to trading, which explains why risk assets and bond yields have been so sensitive to any news on that front.
The S&P 500 rose 0.1%, bouncing after an earlier test of its 50-day moving average. The yield on 10-year Treasuries was little changed at 4.09%. The dollar dropped 0.2%. Bitcoin climbed about 2.5%.
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