By Sam Goldfarb

U.S. stocks climbed Tuesday after Congress moved closer to ending the government shutdown, promising investors less commercial disruption and better insight into the state of the economy.

A day after tech shares powered indexes higher, investors shifted money to other parts of the market, leading to sizable gains in the healthcare, energy and materials sectors. On Tuesday, Big Tech stocks took a turn as the market's laggards.

"It makes sense just to have some digestion of a really strong day yesterday," said Matt Stucky, chief portfolio manager of equities at Northwestern Mutual Wealth Management. "You have more of a defensive profile in terms of leadership."

S&P 500 ticked up 0.2% to post its third straight day of gains. The Dow Jones Industrial Average also rose for its third straight session, jumping 1.2%, or around 559 points, to its 16th record close of the year. The tech-heavy Nasdaq composite slipped 0.3%.

Merck helped pace the Dow, rising 4.8%. Other pharmaceutical stocks also outperformed, with Moderna rising 6.7% and Amgen advancing 4.6%.

Leading the declines in tech stocks, cloud-computing company Coreweave fell 16% after it flagged a delay by a data-center developer. Chip giant Nvidia dropped 3%, though it remained up 2.7% for the week.

Signs that lawmakers were closer to reopening the government had already lifted stocks on Monday. But indexes got a further boost Tuesday after the Senate officially passed spending legislation that will now head to the House for a final vote as soon as Wednesday, and then to President Trump's desk.

Although stocks have performed reasonably well since the shutdown began on Oct. 1, their momentum had stalled recently as the shutdown's impact grew, leading to widespread flight cancellations and delayed food assistance to low-income consumers.

The shutdown has also prevented the release of most government economic data, creating more uncertainty for investors.

Once the government reopens, the first major economic release that investors are expecting is the Labor Department's September jobs report. Reports on retail sales and wholesale inflation for September are expected soon thereafter.

Absent government data, investors have had to rely on private-sector reports. A new report from the payroll processor ADP suggested on Tuesday that the U.S. shed an average of 11,250 private-sector jobs a week in the four weeks ended Oct. 25.

That led the dollar to weaken modestly against other major currencies such as the euro. U.S. bond markets were shut for Veterans Day.

Write to Sam Goldfarb at sam.goldfarb@wsj.com

(END) Dow Jones Newswires

November 11, 2025 16:45 ET (21:45 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.