U.S. stock futures slip as AI rally cools: Why are Nasdaq, S&P 500, and Dow all dipping today? Here are 5 points investors need to know as markets eye government reopening

U.S. stock futures slipped early Tuesday as investors paused after Monday’s powerful AI rally and turned attention to the federal government’s reopening talks. Nasdaq 100 futures were down 0.28%, S&P 500 dipped 0.18%, and Dow Jones inched 0.07% lower at 3:41 a.m. EST on November 11. The drop came after a strong session Monday, when the Nasdaq surged 2.27% for its best day since May, the S&P 500 gained 1.54%, and the Dow rose 0.81%, fueled by optimism over progress in Washington.

The Senate late Monday voted 60–40 to advance a bill funding the government through January 30, 2026, signaling an end to the longest shutdown in U.S. history, with eight Democrats joining Republicans.

The AI sector dominated gains Monday as Nvidia jumped 5.8%, Alphabet climbed 4%, and Microsoft rose 1.9%, ending its eight-day losing streak. Investors returned to riskier tech names after last week’s sell-off, betting on sustained AI demand despite profit-taking.
Paramount Skydance soared 6.6% in after-hours trading after upbeat Q3 earnings, while BigBear.ai surged more than 15% on strong results and its Ask Sage acquisition. Quantum computing firm Rigetti fell 2% after missing revenue forecasts, showing how quickly sentiment shifts across the AI and tech space.

Markets now await fresh signals from the Federal Reserve and Washington. The NFIB Small Business Optimism Index is due later today, alongside remarks from Fed Governor Michael Barr.

Major economic reports including CPI, PPI, and retail sales remain delayed due to the ongoing shutdown. Corporate results from Oklo, Workhorse, and Sea Limited are also in focus, with Sea stock rising 3.4% in pre-market trade after issuing stronger guidance. Treasury yields ticked higher, with the 10-year note at 4.12%. WTI crude oil traded near $59.84 a barrel, signaling weak energy demand, while gold prices climbed to about $4,135 per ounce as investors sought safe-haven assets amid fiscal uncertainty. In Asia, markets were mixed—Hong Kong’s Hang Seng gained 0.18%, Shanghai Composite slipped 0.39%, and Japan’s Nikkei edged 0.14% lower. European markets opened higher on optimism that the U.S. shutdown resolution could stabilize global sentiment.

U.S. stock futures slip as AI rally cools and markets eye government reopening

U.S. stock futures slipped early Tuesday as investors took profits from Monday’s powerful AI rally and shifted focus toward Washington’s progress on ending the record-long government shutdown.

As of 3:41 a.m. EST on November 11, Nasdaq 100 futures fell 0.28%, S&P 500 futures dipped 0.18%, and Dow Jones Industrial Average futures edged 0.07% lower.

During Monday’s regular trading, Wall Street saw one of its strongest sessions in months. The Nasdaq Composite jumped 2.27%, marking its best single-day performance since May. The S&P 500 gained 1.54%, and the Dow Jones Industrial Average climbed 0.81%, boosted by optimism that the U.S. Senate would finally resolve the shutdown.

Here are 5 points investors need to know

1. Tech stocks powered Monday’s rebound

AI giants led Monday’s comeback. Nvidia (NVDA) soared 5.8%, Alphabet (GOOGL) added 4%, and Microsoft (MSFT) climbed 1.9%, breaking an eight-day losing streak. Investors rotated back into tech after last week’s pullback, betting on sustained AI demand despite recent volatility.

The U.S. Senate’s 60–40 vote late Monday to advance the government funding bill added relief to markets. Eight Democrats joined Republicans, signaling bipartisan support. Democrats secured a December vote on Obamacare tax credit extensions as part of the deal.

2. After-hours movers: Paramount Skydance, BigBear.ai jump, Rigetti falls

Earnings updates drove post-market action. Paramount Skydance (PSKY) rose 6.6% after strong Q3 results and a higher cost-savings outlook. BigBear.ai (BBAI) jumped 15% following upbeat results and the Ask Sage acquisition.

By contrast, Rigetti Computing (RGTI) fell 2% after missing revenue forecasts, citing slower enterprise demand for quantum computing solutions.

3. What’s next for investors today

Economic data remains limited as the government shutdown delays major reports like CPI, PPI, and retail sales. Still, the NFIB Small Business Optimism Index and remarks from Federal Reserve Governor Michael Barr are expected later in the day.

Investors are also watching corporate earnings from Oklo (OKLO), Workhorse (WKHS), and Sea Limited (SE). Sea shares gained 3.4% pre-market on stronger revenue guidance.

The U.S. 10-year Treasury yield hovered near 4.12%, while WTI crude oil traded around $59.84 per barrel. Gold prices climbed toward $4,135 per ounce, signaling increased safe-haven buying.

4. Asia and Europe markets show mixed reaction

In the Asia-Pacific session, markets traded unevenly. Hong Kong’s Hang Seng Index rose 0.18%, Shanghai Composite fell 0.39%, and Shenzhen Component dropped 0.63%. Japan’s Nikkei 225 eased 0.14%, while the Topix edged up 0.13%.

European stocks opened higher Tuesday, lifted by optimism over a possible U.S. government reopening and Wall Street’s sharp recovery on Monday.

5. CoreWeave earnings hit, AI names stay in spotlight

AI infrastructure firm CoreWeave (CRWV) reported a narrower loss and higher-than-expected Q3 revenue, driven by surging demand for AI compute power. But shares fell 7% in extended trade as investors scrutinized its revenue backlog growth.

Amazon (AMZN) gained 1.6%, extending Friday’s rally and holding above its $238.85 buy point. Broadcom (AVGO) added 2.6%, and Palantir (PLTR) surged 9%, reclaiming its 50-day moving average. Tesla (TSLA) advanced 3.7%, moving closer to its $470.75 breakout level.

This week’s focus shifts to earnings from Cisco (CSCO) and Disney (DIS) as traders assess whether strong corporate profits can sustain momentum in a market still navigating fiscal uncertainty.

Market outlook: steady but cautious

Analysts say the early dip in futures reflects normal profit-taking after Monday’s surge. With official economic data on hold, investors are leaning on earnings and Fed commentary for near-term cues.

The 10-year Treasury yield remained around 4.11%, while oil prices hovered above $60 a barrel, suggesting markets are stabilizing despite the policy uncertainty. Until the shutdown officially ends, volatility and thin liquidity could persist.