US stock futures advanced on Monday amid signs that lawmakers are nearing a deal to end the record-long government shutdown. Senate Majority Leader John Thune said Sunday that a budget agreement is taking shape, potentially reopening the government through January and reversing some recent federal layoffs. Reports also indicated that some Democrats may back the proposal even without an extension of health care subsidies, though uncertainty remains high. Last week, the Dow lost 1.21%, the S&P 500 dropped 1.63%, and the Nasdaq Composite tumbled 3.04% as concerns over inflated AI valuations sparked a selloff in tech shares. In corporate news, Nvidia CEO Jensen Huang said he asked TSMC to boost chip supplies to meet surging AI demand, while Pfizer agreed to acquire Metsera for up to $10 billion, beating out Novo Nordisk.
