U.S. markets surged on Monday as investors reacted positively to the prospect of ending the longest government shutdown in history.

Risk-on sentiment drove broad gains in equities, cryptocurrency-related stocks, cryptocurrencies, and precious metals, while safe-haven assets such as U.S. Treasuries and the Japanese yen retreated.

At the close, the Dow Jones Industrial Average rose 0.82%, the S&P 500 gained 1.54%, and the Nasdaq Compositejumped 2.27%.

Major tech stocks led the rally: Nvidia climbed over 5%, AMD rose more than 4%, while Google, Tesla surged over 3%. Microsoft, Amazon, and Netflix all advanced more than 1%.

Chinese tech stocks also enjoyed strong gains. The Nasdaq Golden Dragon China Index closed up 2.25%, with Xpengsoaring over 16%, Baidu up more than 5%, Tiger Brokers and Weibo rising over 3%, iQIYI up over 2%, and Pinduoduo gaining more than 1%.