FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 29, 2025. REUTERS/Brendan McDermid/File Photo

By Twesha Dikshit and Purvi Agarwal

(Reuters) -U.S. indexes were poised to open higher on Monday following signs of progress in Washington to end a record government shutdown that has stalled economic data releases and intensified concerns over the state of the economy.

On Sunday, senators advanced a House-passed bill in a procedural vote, that will be amended to fund the government until January 30. If passed in the Senate, it would require House approval and President Donald Trump's signature, which could take several days.

"If we do get an end of the shutdown, it would be a near-term positive ... with positioning cleaner, we could see some dip buying," said Mohit Kumar, an economist at Jefferies.

"It would also open the path for data releases ... we should start seeing initial claims data and there should be sufficient time to collect data for the employment report in early December."

Wall Street's main indexes ended last week with steep declines, with the Nasdaq suffering its worst week in over seven months as worries about the labor market and tech sector valuations dampened risk appetite.

At 8:32 a.m. ET, Dow E-minis were up 176 points, or 0.37%, S&P 500 E-minis were up 64 points, or 0.95% and Nasdaq 100 E-minis were up 381.5 points, or 1.52%.

The CBOE Volatility Index eased 0.7 points to 18.38, retreating from a three-week high touched on Friday.

The longest federal shutdown in history has left both the Federal Reserve and traders in the dark without official economic readings and reliant on private economic indicators, which have provided a mixed picture of the labor market.

The shutdown has also weighed on the economy, with federal workers going unpaid and White House economic adviser Kevin Hassett saying in an interview that fourth-quarter U.S. economic growth could be negative if the closure continues.

On betting website Polymarket, predictions for an end to the shutdown this week stood at 85%.

Shares of airlines rose on news of flights facing disruption and government-mandated cuts due to air traffic control staffing shortages.

United Airlines and Delta Airlines added 2% each.

Most tech stocks were higher in premarket trading, with AI bellwether Nvidia gaining 3.4%, while Alphabet and Meta Platforms added 2.4% and 1.5%, respectively.

Optimism around artificial intelligence has fueled a bull run in U.S. stocks this year, but concerns around monetization and circular spending within the sector drove a bout of selling in tech stocks last week.

Meanwhile, the third quarter earnings season approached its conclusion. Of the 446 S&P 500 companies that have reported, 83% have delivered better-than-expected earnings, according to data compiled by LSEG.

Venture Global jumped 13% after the LNG exporter swung to a profit in the third quarter.

Among other stocks, Metsera slumped about 15.5% after Pfizer won a $10 billion bidding war to acquire the company.

Shares of health insurers dropped after Trump on Saturday urged Republicans to redirect federal money that currently goes to health insurance companies under the Affordable Care Act and send it directly to individuals.

Centene fell 7.9% and UnitedHealth lost 2%.

(Reporting by Twesha Dikshit and Purvi Agarwal in Bengaluru; Editing by Saumyadeb Chakrabarty, Krishna Chandra Eluri and Maju Samuel)