U.S. stocks rose slightly on Wednesday as investors awaited a crucial House vote to end the longest government shutdown in history. Funds rotated out of Big Tech into defensive sectors while traders looked for fresh clues from the Federal Reserve.

The Nasdaq surged 2.3%—its strongest gain since May—as optimism grew that Congress will soon end the record-long U.S. government shutdown. Tech stocks led the rebound while investors shifted from fear to cautious optimism.

Gold prices climbed to their highest level in nearly three weeks as investors bet on a December rate cut by the Federal Reserve and welcomed signs that the U.S. government shutdown may soon be over — reigniting optimism across global markets.

Asian markets gained on November 10 as investors grew optimistic that the U.S. government shutdown — now in its 40th day — may soon end. The renewed confidence from Wall Street lifted regional sentiment across Asia.

Spot gold surged above $4,000 per ounce in Asian trading as a weakening U.S. dollar and rising expectations of a Federal Reserve rate cut in December fueled demand for safe-haven assets. Ongoing developments in the U.S. government shutdown also influenced investor sentiment.

Oil prices climbed nearly 1% on November 10 as investors grew optimistic that the U.S. government shutdown could soon end, boosting demand prospects in the world’s largest oil consumer and improving overall market sentiment after two weeks of declines.

Vietnam’s domestic gold prices rose sharply on November 10, with SJC ring gold reaching 147.2 million VND per tael and gold bars hitting 149.6 million VND. The rally was fueled by safe-haven demand and the global market’s rebound as the U.S. dollar weakened.

The S&P 500 has fallen 2.4% over the past eight sessions amid concerns about lofty tech valuations. However, analysts say this is merely a healthy market correction, as strong U.S. fundamentals and robust investment flows continue to support the long-term bullish trend.

The Nasdaq closed its worst week since April as AI stocks tumbled, U.S. consumer sentiment hit new lows, and the federal government shutdown dragged on.

Global investors grow cautious as AI stocks slide and regulators warn of overheated valuations, reviving fears of a tech bubble reminiscent of 2000.

Asian stocks tumbled on Friday as China’s exports unexpectedly declined and technology shares plunged, while Dow futures inched higher on cautious optimism over the U.S. economy.

U.S. stock indexes opened slightly higher on November 6 after rebounding from a tech-driven selloff. Investors remain cautious about AI valuations, while gold, oil, and Bitcoin continue to fluctuate.