(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

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Futures: Dow up 0.01%, S&P 500 down 0.21%, Nasdaq down

0.39%

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Paramount Skydance ( PSKY ) gains on cost-cut, investment plans

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Japan's SoftBank offloads Nvidia ( NVDA ) shares

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CoreWeave ( CRWV ) drops after trimming annual revenue forecast

(Updates with quote, prices)

By Twesha Dikshit and Purvi Agarwal

Nov 11 (Reuters) - Wall Street futures were flat to

lower on Tuesday as concerns around elevated technology

valuations resurfaced, while markets closely watched progress

toward the end of the longest government shutdown in U.S.

history.

Technology and AI shares rebounded on Monday from last

week's steep losses, on expectations that the government would

reopen as soon as this week, as the prolonged closure weighs on

the economy and contributes to a data blackout for the Federal

Reserve and traders alike.

The Nasdaq posted its largest daily gain since May

27 and the S&P 500 recorded its biggest one-day

percentage rise since mid October in the previous session.

"Following the government reopening, we assume that delayed

economic data will be released over the coming few weeks,

lifting some of the fog that has lingered since early October,"

said Tom Nelson, Franklin Templeton Investment Solutions' head

of market strategy.

"Assuming the government ultimately reopens soon, strong

seasonals and resilient growth may move back to front-of-mind

considerations."

Markets will parse through a weekly update of ADP's private

payroll figures before the opening bell for clues on the labor

market's health.

At 6:50 a.m. ET, Dow E-minis were up 7 points,

or 0.01%, S&P 500 E-minis were down 14.25 points, or

0.21% and Nasdaq 100 E-minis were down 101.5 points, or

0.39%.

Worries around AI-related companies that have been the main

drivers of the bull market this year persisted as traders

evaluated returns from technology and circular expenditure

within the sector.

Nvidia ( NVDA ) shares dropped 1.5% in premarket trading

after Japanese technology investor SoftBank Group

disclosed that it had offloaded the rest of its shares in the AI

bellwether for $5.83 billion.

Nvidia ( NVDA )-backed CoreWeave's ( CRWV ) shares dropped 9.3% after

the cloud computing firm trimmed its annual revenue forecast.

The company's stock has more than doubled since going public

earlier this year.

As the third quarter earnings season approaches its

conclusion, profit growth at S&P 500 companies is expected to

increase 16.8% year-on-year compared to initial estimates of 8%,

according to LSEG data.

FEDERAL RE-OPENING AWAITED

The U.S. Senate on Monday approved a compromise that would

end the shutdown that has disrupted food benefits for millions,

left federal workers unpaid and snarled air traffic.

The bill will head next to the House of Representatives for

approval before being sent to U.S. President Donald Trump for

his signature, with betting markets like Polymarket fully

pricing in a reopening this week.

Meanwhile, Trump said the U.S. faced an economic and

national security disaster if the Supreme Court ruled against

his use of an emergency powers law to impose sweeping tariffs.

Among other moves, Rocket Lab ( RKLB ) shares jumped 9.5%

after the space company posted record third-quarter revenue.

Quantum computing firm Rigetti Computing ( RGTI ) reported

third-quarter revenue below estimates, sending its shares

falling 3.3%.

Paramount Skydance ( PSKY ) shares gained 4.5% after the

newly merged media firm announced more cost cuts and plans to

invest $1.5 billion in its streaming and studio divisions.

U.S. bond markets were closed for a public holiday.