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.

That’s “good for the consumer, good for investors, really good for anyone who travels,” Ablin said.

A group of Democrats in the Senate sided with Republicans in a procedural vote on the deal Sunday evening, clearing the way for a formal debate after reaching a bipartisan agreement to fund government operations t

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