Morning Juice – US Session Prep (11th November)

Sentiment
US stock futures fell as traders backed away from high-priced technology companies after SoftBank sold its entire Nvidia stake and CoreWeave warned that revenues would be lower than expected.

Futures for the S&P 500 and Nasdaq 100 fell, reversing Monday’s gains on hopes that the US government shutdown would be resolved soon. Nvidia and CoreWeave both fell about 9% in premarket trading.

With the US government shutdown set to end on Wednesday, investors are hoping that new job and inflation reports will prompt the Federal Reserve to cut interest rates even further.

Docket
No noteworthy economic indicators in observance of Veterans Day

Speakers
11:00 ET
Trump participates in a Wreath Laying Ceremony and delivers Remarks

11:45 ET
ECB’s Escriva participates in the PIMEC board of directors

Good luck!