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Stock Market Rallies on Shutdown Progress and Trump’s Tariff Proposal

Stock Market Rallies on Shutdown Progress and Trump’s Tariff Proposal

Author:

Global Cryptocurrency

Published:

2025-11-11 01:11:02

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BTCCSquare news:

Major equity ETFs surged as Washington moved closer to averting a government shutdown. The S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) both gained over 1.5% after Senate cleared a procedural hurdle for funding legislation.

While the bill extends government operations through January 2026, it notably excludes Affordable Care Act subsidies - a key Democratic priority. Final passage timing remains uncertain as lawmakers negotiate potential December vote on healthcare provisions.

Market sentiment received an additional boost from former President Trump's elaboration on proposed $2,000 tariff rebate checks. The plan WOULD direct tariff revenue to middle-class Americans before allocating remaining funds toward the national debt.

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