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Stocks Mostly Down Pre-Bell as SoftBank Offloads Nvidia Stake; Senate Clears Key Bill to End Government Shutdown
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Stocks Mostly Down Pre-Bell as SoftBank Offloads Nvidia Stake; Senate Clears Key Bill to End Government Shutdown
Nov 11, 2025 4:47 AM

07:18 AM EST, 11/11/2025 (MT Newswires) -- US equity futures were mostly trending downwards before Tuesday's open after SoftBank said it sold its stake in tech bellwether Nvidia ( NVDA ) , overshadowing the Senate approving a key funding bill to end the longest-ever federal government shutdown.

The S&P 500 decreased 0.2%, the Nasdaq was off 0.4% and the Dow Jones Industrial Average was slightly in the green in premarket activity. The indexes finished Monday higher, with the Nasdaq recording its biggest one-day rise since May 27.

Shares of Nvidia ( NVDA ) declined 1.5% pre-bell as SoftBank Group said the company and an asset management unit sold all of its shares in the chip maker that they had owned for $5.83 billion. The Japanese firm sold the stake in October.

On Monday, Senate lawmakers reportedly approved a funding package that paves the way for an end to the ongoing government shutdown in a 60-40 majority and sent the bill to the House of Representatives for clearance. The stoppage has entered its 42nd day on Tuesday.

The House is expected to pass the bill as soon as Wednesday, according to media outlets, adding that it will then pass it on to President Donald Trump for his approval. The funding is expected to keep the government running through Jan. 30, NBC News reported.

"The bottom line is that the end of the government shutdown will help avoid a more severe (gross domestic product) and corporate earnings slowdown," Macquarie said in a note to clients Monday. "The end of the shutdown may also help ease the recent liquidity squeeze at commercial banks."

As the government reopens, it paves the way for the release of key economic data that were previously withheld, including jobs reports, according to Morgan Stanley. It's unclear if the ending of the shutdown will allow for the timely release of key economic data due this week, including the consumer and producer price inflation reports for October.

Treasury yields were higher late Monday, with the two-year rate rising 3.8 basis points to nearly 3.6% and the 10-year rate adding 2.9 basis points to 4.12%. US bond markets are closed on Tuesday for Veterans Day.

CoreWeave's ( CRWV ) stock dropped more than 10% early Tuesday after the artificial intelligence cloud computing firm lowered its full-year revenue outlook due to a delay at one of its third-party data center providers. Rocket Lab ( RKLB ) gained 9.8% after posting better-than-expected third-quarter results.

Shopee parent company Sea (SE) report its latest financial results before the bell, among others. Alcon ( ALC ) and Oklo ( OKLO ) release earnings after the markets close.

On Tuesday's economic calendar, the National Federation of Independent Business small business optimism index posted a 0.6-point decrease for October to 98.2. Federal Reserve Governor Michael Barr is scheduled to speak at 10:25 am ET.

West Texas Intermediate crude oil inclined 0.6% to $60.50 a barrel early Tuesday. Gold edged up 0.7% to $4,149 per troy ounce, while bitcoin decreased 0.8% to $105,216.

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