Stocks rally on hopes of US government shutdown ending

NEW YORK, United States – Stock markets charged higher Monday as investors cheered prospects that the US government shutdown could be nearing an end, after lawmakers reached a deal likely to break the record 40-day impasse. The prospect of operations resuming in the world’s biggest economy helped temper lingering worries about extended tech valuations amid talk of an AI bubble. “Everyone’s now anticipating we’ll see the government reopen in the next couple of days,” said Jack Ablin from Cresset Capital. READ: AI in an ‘industrial bubble’ but will benefit society: Bezos That’s “good for the consumer, good for investors, really […]... Keep on reading: Stocks rally on hopes of US government shutdown ending