---
title: "U.S. Government Shutdown May Have a Turnaround; Dow Jones Up 74 Points, Nasdaq's Decline Narrowed to Only 0.2%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264931170.md"
description: "The U.S. federal government shutdown may have a turning point, as Senate Minority Leader Chuck Schumer proposed a new plan to the Republicans. U.S. stocks rebounded from low levels on Friday. The Dow Jones Industrial Average rose 74 points to close at 46,987 points; the S&P 500 index increased by 8 points to close at 6,728 points; the Nasdaq index's decline narrowed to 49 points, closing at 23,004 points. Tesla shareholders approved Musk's compensation plan, and the stock fell 3.7%. For the week, the Nasdaq index dropped over 3%"
datetime: "2025-11-07T21:07:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264931170.md)
  - [en](https://longbridge.com/en/news/264931170.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264931170.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/264931170.md) | [繁體中文](https://longbridge.com/zh-HK/news/264931170.md)


# U.S. Government Shutdown May Have a Turnaround; Dow Jones Up 74 Points, Nasdaq's Decline Narrowed to Only 0.2%

The U.S. federal government shutdown may have a turning point, as Senate Minority Leader Chuck Schumer proposed a new plan to the Republicans. U.S. stocks rebounded from low levels on Friday. The Dow Jones Industrial Average had previously fallen by 416 points or 0.9%, but rebounded at the close, ending up 74 points or 0.2%, at 46,987 points. The S&P 500 index also closed up 8 points or 0.1%, at 6,728 points. The Nasdaq index's decline narrowed significantly from over 2% to 49 points or 0.2%, closing at 23,004 points.

Tesla (TSLA.US) shareholders approved Musk's approximately $1 trillion compensation plan with over 75% of votes in favor, with the stock closing down 3.7%.

Other tech stocks had mixed performances, with Meta (META.US) and Amazon (AMZN.US) rising 0.5%, while Apple (AAPL.US) fell 0.5%, and Alphabet (GOOG.US) continued to decline by 2%.

AI chip stocks attempted to reverse their downward trend, with Nvidia (NVDA.US) having previously dropped nearly 5%, ultimately closing at $188.15. Palantir (PLTR.US) fell 1.7%, and AMD (AMD.US) dropped 1.8%.

For the week, the Nasdaq index fell over 3%; the Dow Jones and S&P 500 indices both declined over 1%

### Related Stocks

- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)

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