The US stock market surged as the Senate made significant progress in ending the federal government shutdown. This boost not only strengthened investor sentiment but also helped the global super-rich group’s assets “swell” by tens of billions of dollars in just one day.

At the close of trading on Monday, the Dow Jones index increased by 237 points (0.5%), the S&P 500 increased by 1.2%, and the Nasdaq, which focuses on many technology stocks, jumped up to 2.01%.

The impetus came after eight Democratic senators voted with Republicans to pave the way for a temporary funding bill to keep federal agencies operating through January. The consensus breathed new life into markets after weeks of tension over the threat of a prolonged shutdown.

Nvidia was the star of the session, rising 4.4% to nearly $ 196 , followed by other big names such as Alphabet (up 3.2%), Tesla (4.3%), Meta (2%) and Palantir (8.4%). The Dow was also supported by Amazon, Cisco, Apple, Goldman Sachs and JPMorgan Chase.

Elon Musk’s assets increase sharply

Which billionaires benefit the most?

According to Forbes, the rebound in Tesla shares has helped Elon Musk “pocket” an additional $10.1 billion, raising his total assets to $492.3 billion. Larry Ellison, co-founder of Oracle, increased $2.8 billion to $296.4 billion. Jeff Bezos of Amazon also became richer by $1.9 billion, reaching $256.4 billion. The two founders of Google – Larry Page and Sergey Brin increased by $5.7 and $5.2 billion, respectively.

Mark Zuckerberg (Meta) added $3.8 billion, while luxury goods tycoon Bernard Arnault increased $4.1 billion despite LVMH not being listed in the US. Nvidia CEO Jensen Huang recorded a $6.1 billion increase in assets, while Steve Ballmer (Microsoft) and Warren Buffett (Berkshire Hathaway) also “joined in the fun” with increases of $0.8 billion and $0.3 billion, respectively.

The three major US airlines – American Airlines, United Airlines and Delta – all rose about 2% on Monday. The airline industry has been hit hard by a shortage of air traffic controllers during the government shutdown, with US Transportation Secretary Sean Duffy warning that cancellations could reach 20% if the situation persists.

Over the weekend alone, more than 5,000 flights were delayed and 1,000 were canceled across the United States. New York’s two major airports – LaGuardia and JFK – saw about a third of all flights depart late.

Tesla shares rose shortly after Siddhant Awasthi, the man in charge of the Cybertruck, announced he was leaving the company after three years.

The car was highly anticipated, but has so far sold just over 63,000 units – far below Elon Musk’s forecast of 250,000 units per year. Despite being recalled nearly a dozen times due to technical problems, Tesla’s stock has risen, reflecting investor confidence in its long-term prospects.

How has American consumer psychology changed?

The prolonged government shutdown has left Americans increasingly pessimistic about the economic outlook.

“Worries about the negative consequences of a government shutdown are widespread,” said Joanne Hsu, director of the University of Michigan’s Consumer Confidence Survey. The Conference Board report also found that many respondents listed “shutdown” as their top concern, reflecting a growing sense of caution.