Dow Jones futures rise as US Senate advances to end shutdown

• Dow Jones futures receive support as market sentiment improves on potential ending of US government impasse.
• Market sentiment also improves after China lifted its ban on approving exports of "dual-use items."
• Wall Street declined last week as concerns over elevated AI valuations prompted a selloff in technology shares.

Dow Jones futures gain 0.18% to trade above 47,150 during European hours ahead of the opening of the United States (US) regular session on Monday. Moreover, the S&P 500 futures and Nasdaq 100 gained by 0.70% and 1.24%, with trading around 6,800 and 25,450, respectively.

US index futures appreciate after US Senate advances a government funding bill to end the shutdown, moving it closer toward passage by voting 60-40 in the first approval on extending the enhanced Affordable Care Act subsidies. The amended proposal would still have to be passed by the House of Representatives and sent to President Donald Trump for his signature, a process that could take several days.

Additionally, US stock indices gain ground amid increased risk-on sentiment, driven by easing trade tensions between the two world's largest economies, the United States (US) and China. China's Ministry of Commerce said that it would temporarily lift its ban on approving exports of "dual-use items" related to gallium, germanium, antimony, and super-hard materials to the US. The suspension takes effect from Sunday until November 27, 2026.

Wall Street slumped last week as worries over stretched AI valuations triggered a selloff in tech stocks. In corporate developments, Nvidia CEO Jensen Huang revealed he had asked TSMC to increase chip production to meet soaring AI demand, while Pfizer agreed to acquire Metsera for up to $10 billion, outbidding Novo Nordisk.