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

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

*

Futures down: Dow 0.03%, S&P 500 0.4%, Nasdaq 0.2%

Nov 11 (Reuters) - Wall Street futures fell on Tuesday

with concerns around elevated technology valuations resurfacing,

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. 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.

Markets had rallied on the back of 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.

"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."

At 5:24 a.m. ET, Dow E-minis were down 13 points, or

0.03%, S&P 500 E-minis were down 13.25 points, or

0.19%, and Nasdaq 100 E-minis were down 90.5 points, or

0.35%.

Still, 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 1.4% 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 8.7% in

premarket trading 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.

White House economic adviser Kevin Hassett said in an

interview that a continued shutdown could lead to a negative

fourth-quarter U.S. GDP print.

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.

In a hearing last week, Supreme Court justices had expressed

doubt on the president's authority to implement tariffs under

the law.

Among other moves, Rocket Lab ( RKLB ) shares jumped 9.8%

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 3.6%.

AST Spacemobile ( ASTS ) shares were down 2.3% as the

satellite communications firm missed third-quarter revenue

expectations.