Mumbai, Nov. 11 -- The Nasdaq surged 522.64 points (2.3%) to 23,527.17, the S&P 500 jumped 103.63 points (1.5%) to 6,832.43 and the Dow advanced 381.53 points (0.8%) to 47,368.63.

Wall Street rallied after the Senate voted 60-40 to advance legislation ending the record-long government shutdown. The temporary funding bill also aims to reverse recent mass federal layoffs, with several Democratic senators joining Republicans to push it forward due to a provision allowing a vote on extending enhanced Obamacare tax credits.

Though final passage could face delays in the House or from individual senators, optimism lifted investor sentiment. Traders saw the move as a signal of stability, prompting renewed stock buying after recent valuation con...