Opening Comment — Monday, November 10, 2025
DJIA: 46,987.10, up 74.80
S&P 500: 6,728.80, up 8.48
NASDAQ: 23,004.54, down 49.45
Stocks up after progress on ending shutdown
Stock futures are higher Monday morning following progress being made over the weekend in the Senate on a deal to end the U.S. government shutdown. As of 7:15 AM ET, the Dow is rising 0.4%, while the S&P 500 is up 0.9%. The Nasdaq 100 is increasing 1.4% relative to fair value on the GLOBEX.
U.S. equities were mixed on Friday as the University of Michigan’s preliminary consumer sentiment index for November declined significantly more than anticipated, while inflation expectations rose to 4.7% for the one-year outlook and eased to 3.6% for the five-to-ten-year horizon. Consumer credit rose more than expected in September, increasing by $13.09 billion. The Federal Reserve (Fed) Bank of New York’s October 2025 Survey of Consumer Expectations showed one-year-ahead inflation expectations easing to 3.24%. The Dow was up 0.2%, while the tech-heavy Nasdaq Composite fell 0.2%. The S&P 500 increased 0.1% with nine of 11 sectors finishing in positive territory. The Energy sector was the top performer, rising 1.6%, while the Communication Services sector was the bottom performer, falling 0.8%.
Across the pond, European stocks are higher in mid-day trading as the eurozone’s Sentix Investor Confidence Index unexpectedly declined in November.
Overnight in Asia, stocks were mostly higher as China's Producer Price Index (PPI) for October showed milder deflation, with prices falling by 2.1% year-over-year (YOY). The country’s Consumer Price Index (CPI) posted an unexpected increase of 0.2% YOY, defying expectations of a decline. Meanwhile, Japan’s preliminary composite leading index ticked up in September.
In FOREX trading, the U.S. dollar is little changed amid rising hopes for a resolution to the U.S. government shutdown.
Over in the commodity pits, West Texas Intermediate (WTI) crude oil is 0.1% higher at $59.83/barrel.
In the metals complex, gold is 2.0% higher at $4,081.52/ounce.