U.S. stock futures traded slightly lower on Tuesday, as investors monitored developments in Washington after the U.S. Senate approved a bill to end the record-long federal government shutdown. Meanwhile, AI cloud provider CoreWeave (NASDAQ:CRWV) lowered its full-year revenue forecast, and SoftBank Group (USOTC:SFTBY) reported quarterly earnings that exceeded expectations.

Futures Weaken as Markets Eye Shutdown Resolution

U.S. stock futures hovered just below the flatline early Tuesday, with traders weighing the potential implications of the Senate’s vote to reopen the government.

By 02:42 ET, Dow futures were little changed, S&P 500 futures slipped 7 points (0.1%), and Nasdaq 100 futures declined 42 points (0.2%).

Major Wall Street indices closed higher on Monday, supported by optimism that lawmakers were nearing an agreement to end the historic government shutdown.

Analysts at Vital Knowledge noted that sentiment around the artificial intelligence sector remains strong, citing “bullish” expectations for upcoming results from major tech players, including Nvidia (NASDAQ:NVDA).

Still, uncertainty surrounds the path of Federal Reserve rate cuts this year, after one central bank official signaled on Monday that the scope for further reductions “is now limited.”

Senate Passes Bill to End Longest U.S. Government Shutdown

The U.S. Senate voted to send a spending bill to the House of Representatives, potentially ending the longest federal shutdown in U.S. history, after eight Democrats crossed party lines to support the measure.

Republicans, who control both chambers of Congress, are expected to continue backing the bill, which has received approval from the Trump administration.

The legislation will extend government funding through January 30, allocate a full year’s funding for the Agriculture Department, the legislative branch, and military construction, and ensure that laid-off federal workers are reinstated.

Some Democrats criticized members of their own party who supported the measure, arguing that any deal should include guarantees to lift deadlines that could impact healthcare coverage for millions of Americans. GOP leaders have pledged to hold a vote on the issue by mid-December.

Democrats have also accused President Donald Trump of using the shutdown to “deny food assistance and disrupt air travel” as a means of forcing negotiations, while administration officials defended the move as part of efforts to “cut spending and maintain aviation safety.”

CoreWeave Cuts Revenue Guidance Amid Data Center Delays

Shares of CoreWeave fell in extended trading after the Nvidia-backed AI cloud services firm reported a delay with a third-party data center partner, prompting a downward revision to its revenue forecast.

The company now expects fiscal 2025 revenue between $5.05 billion and $5.15 billion, down from prior guidance of $5.15 billion to $5.35 billion. Analysts surveyed by LSEG had projected $5.29 billion, according to Reuters.

Despite the guidance cut, CoreWeave reported stronger-than-expected third-quarter revenue of $1.36 billion, reflecting robust demand for AI cloud infrastructure. Adjusted operating income margin slipped to 16% from 21% a year earlier.

CFO Nitin Agrawal said the company plans to increase capital spending to strengthen its AI infrastructure, expecting to invest $12–14 billion in 2025.

“We remain focused on scaling our operations to meet accelerating demand,” Agrawal said, emphasizing the company’s continued partnership with OpenAI and Meta Platforms.

SoftBank Posts Strong Profit, Sells Nvidia Stake

SoftBank Group Corp. reported a sharply higher-than-expected fiscal second-quarter profit, driven by investment gains in its Vision Funds and continued exposure to artificial intelligence.

The Japanese conglomerate posted net profit attributable to shareholders of ¥2.502 trillion ($16.3 billion) for the July–September quarter, far exceeding Bloomberg estimates of ¥418.23 billion and more than doubling last year’s ¥1.179 trillion result.

SoftBank confirmed it sold its entire Nvidia stake (32.1 million shares) in October for $5.83 billion, though the sale was not reflected in its Q2 earnings and the company did not specify a reason for the divestment.

China Reportedly Plans Rare Earth Restrictions on U.S. Military

According to the Wall Street Journal, China is preparing to introduce a “validated end-user” system to restrict rare earth exports to companies tied to the U.S. military, while expediting shipments to civilian customers.

The plan aligns with President Xi Jinping’s recent pledge to President Donald Trump to resume rare earth exports to the U.S., though the new controls could make sourcing these materials more difficult for American firms serving both defense and civilian clients.

Rare earth elements are essential in electronics and defense manufacturing, and China, the world’s largest producer, continues to leverage its dominance in this sector amid ongoing trade tensions with the United States.

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