U.S. stock futures experienced fluctuations on Tuesday, pulling back from strong gains achieved in the previous session as concerns about high valuations in the AI sector reemerged. This sentiment was sparked by the announcement that Japan's SoftBank Group had sold its entire $5.8 billion holding in Nvidia to finance further investments in artificial intelligence. As a result, Nvidia's share price dropped by over 1% in pre-market trading. Other major tech companies also saw their stocks edge lower, with Microsoft slipping by 0.3%, Apple by 0.1%, Amazon by 0.3%, Meta by 0.4%, Alphabet by 0.3%, Tesla by 0.6%, and Broadcom by 0.7%.
In a separate development, the longest U.S. government shutdown on record appears to be nearing its conclusion. A bipartisan agreement reached on Sunday, which involved several Democrats crossing lines to join Republican lawmakers, led the Senate to pass a bill by a 60-40 vote on Monday. This legislation aims to keep most government operations funded until January 30, with some agencies receiving funds through September 30. The bill is now set to be considered by the House tomorrow before it is sent to President Trump for approval.
