US stock futures leaned lower on Tuesday, slipping back from a rally fueled by optimism that Washington may soon end the record-breaking government shutdown.
S&P 500 futures (ES=F) nudged down 0.1%, while those on the Dow Jones Industrial Average (YM=F) hovered below the flat line. Contracts on the Nasdaq 100 (NQ=F) slipped 0.2% on the heels of a roaring start to the week for stocks, which saw the tech-heavy benchmark surge as faith in AI names revived.
Optimism is growing that the 41-day shutdown could soon end, after the Senate on Monday evening passed a funding measure, advancing it to the House for a vote. President Trump has said he supports the bill, which doesn’t include the extension of Affordable Care Act subsidies wanted by Democrats. A separate vote on those tax credits is scheduled for December.
On the corporate front, shares of CoreWeave (CRWV) dropped over 5% in extended trading after a cut to its full-year revenue forecast took the shine off strong earnings. The Nvidia (NVDA)-backed AI infrastructure provider flagged a delay by a data center partner.
Investors are looking ahead to reports from Disney (DIS), Sony (SONY), and Cisco (CSCO) later this week.
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