US Futures Slip as Tech Stocks Retreat After SoftBank’s Nvidia Exit – Europe Market Wrap

US stock futures edged lower as investors pulled back from high-flying technology names after SoftBank sold its remaining stake in Nvidia and CoreWeave warned that revenue would fall short of expectations.

Contracts for both the S&P 500 and Nasdaq 100 slipped, erasing part of Monday’s advance that came on optimism the US government shutdown was close to ending. Nvidia declined in premarket trading, while CoreWeave tumbled roughly 9%.

The dollar held steady in muted trading, with US Treasury markets closed for the Veterans Day holiday. European equities advanced, while moves across Asia were mixed.

With Washington expected to finalize a deal to reopen the government by Wednesday, investors are turning their focus to upcoming data on employment and inflation for clues on whether the Federal Reserve will accelerate rate cuts.