U.S. stocks rallied for a second straight session on Monday, with the Dow gaining more than eight-tenths of a percent, the S&P 500 adding more than six-tenths and the Nasdaq climbing three-tenths of a percent.
If an agreement is not reached by June 1, the US Treasury has said it could begin to run out of funds to pay the government's bills, potentially igniting a recession.
Meanwhile, the Dow Jones Industrial Average rose 20% from its September low, meeting the technical definition of a bull market. And the tech-heavy Nasdaq 100 Index surged 4.6% to the highest since September.