The Globe and Mail reports in its Tuesday, Nov. 11, edition that Wall Street ended sharply higher on Monday, led by big gains in Nvidia, Palantir and other heavyweight artificial intelligence-related companies following progress in Washington to end a record government shutdown. A Reuters dispatch to The Globe reports that the longest U.S. government shutdown may end this week after a funding compromise passed an initial Senate vote, though final Congressional approval is still pending. Heavyweight tech stocks rebounded from some recent losses. Last week, the S&P 500 technology sector index tumbled 4.2 per cent. Baird analyst Ross Mayfield says: "This is a rebound after being slightly oversold last week. It's another example of the 'buy the dip' mantra really acting quickly in the tech and AI space. There is nothing structural hitting the AI theme. In fact, a lot of earnings reports have been really strong in that sector." The S&P 500 climbed 1.54 per cent to end the session at 6,832.43 points. The Nasdaq gained 2.27 per cent to 23,527.17 points, its biggest one-day percentage gain since May 27. The Dow Jones Industrial Average rose 0.81 per cent to 47,368.63 points.
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