Stocks and cryptocurrencies rallied on Monday as investors focused on President Donald Trump's efforts to avert a government shutdown. The S&P 500 and Nasdaq saw gains, while Bitcoin surged past $113,000 and Ethereum reached $4,180. The Dow Jones Industrial Average rose by approximately 50 points, buoyed by positive sentiment around AI-related stocks such as Oracle and Nvidia.
The global cryptocurrency market cap increased by 2.7% to $3.88 trillion. Trump's upcoming meeting with congressional leaders on September 29 aims to secure support to prevent a shutdown, which could influence the forthcoming jobs report and Federal Reserve rate decisions.
Stocks and Crypto Surge as Trump Seeks to Prevent Government Shutdown
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