Wall Street rallies over 1% as markets focus on corporate results

US stock indexes rose sharply on Monday as markets focused on corporate earnings results for the third quarter of 2025.

With the US earnings season underway, several major companies are set to report this week, including Netflix on Tuesday, Tesla on Wednesday, and Intel on Thursday.

Meanwhile, optimism is growing that the ongoing US government shutdown — now in its twentieth day — could end this week.

Kevin Hassett, Director of the National Economic Council, told CNBC in an interview that the shutdown is likely to be resolved within the week.

Hassett added that moderate Democrats are expected to meet this week to reach an agreement, while emphasizing that the White House is prepared to take stricter measures to end the shutdown if no deal is reached.

In trading, the Dow Jones Industrial Average rose 1.1% (498 points) to 46,688 as of 18:20 GMT, while the broader S&P 500 gained 1.2% (77 points) to 6,741. The Nasdaq Composite climbed 1.5% (342 points) to 23,023.