Pre-Bell｜S&P, Nasdaq Futures Fall on Renewed Tech Concerns; BigBear.ai Jumps 17%; Meta Slides over 1%; Nvidia Sinks 2%; Nebius Drops 3%; Sea Ltd Falls 4%

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.

Market Snapshot

At 8:44 a.m. ET, Dow e-minis were up 21 points, or 0.04%, S&P 500 E-minis were down 12.25 points, or 0.18%, and Nasdaq 100 E-minis were down 90.5 points, or 0.35%.

Pre-Market Movers

Singapore's Sea Ltd’s quarterly profit missed analysts’ estimates after the company boosted spending to battle competitors in Southeast Asia’s cut-throat e-commerce market.

Shares of Sea Ltd fell 4% after the company reported net income of $375 million for the three months through September, short of the $433 million analysts estimated on average. Revenue rose 38% to $6 billion, topping the $5.65 billion analysts predicted.

Nebius Group has signed a deal worth about $3 billion with Meta to provide the Facebook owner with AI infrastructure over a five-year period, the company said on Tuesday, after it reported a more than fourfold rise in third-quarter revenue.

The company's shares seesawed in volatile premarket trading and last down 3%, after it posted a surge in capital spending and a quarterly loss of over $100 million, widening from $39.7 million last year.

Nvidia shares slid 2% after Japan's SoftBank said it had sold its $5.83 billion stake in the AI chip maker. The sale is pretty insignificant when set against Nvidia's $4.8 trillion market cap, but it could fuel worries about stretched AI valuations in the run-up to earnings on Nov. 19.

BigBear.ai soared 17% after the company said it would buy the generative AI platform Ask Sage. BigBear's third-quarter results also topped the Street's estimates.

CoreWeave shares tumbled 8.6% ahead of the opening bell. The cloud computing company reported a narrower loss and better revenue than analysts were expecting, but warned that a partner was behind schedule in data center development. CoreWeave said that artificial-intelligence demand "far exceeds" available capacity in a supply-constrained environment, and its revenue guidance for 2025 came in well below the Wall Street consensus.

Rocket Lab stock surged 9.6% after the space launch and space services provider reported a narrower-than-expected loss, and issued fourth-quarter guidance that topped estimates.

Paramount Skydance shares jumped 4.9% after earnings late Monday. The entertainment company provided investors with a better-than-expected outlook, and said it plans to increase prices for its Paramount+ streaming service in the U.S. in the first quarter of 2026. It expects that the price hike will boost revenue next year.

Rigetti Computing stock fell 3.5% after the quantum computing company reported weaker-than-expected revenue. Investors can probably stomach the loss, seeing as the shares are up 2,000% over the past 12 months.

AST SpaceMobile slipped 2.3% after an earnings miss for the satellite communications provider. Coming into the week, the stock was up more than 225% in 2025.

Market News

US Senate Passes Bill to End Government Shutdown, Sends to House

The U.S. Senate on Monday approved a compromise that would end the longest government shutdown in U.S. history, breaking a weeks-long stalemate that has disrupted food benefits for millions, left hundreds of thousands of federal workers unpaid and snarled air traffic.

The 60-40 vote passed with the support of nearly all of the chamber's Republicans and eight Democrats, who unsuccessfully sought to tie government funding to health subsidies that are due to expire at the end of the year. While the agreement sets up a December vote on those subsidies, which benefit 24 million Americans, it does not guarantee they will continue.

Buffett Says He’s “Going Quiet,” Picking Up Donation Pace

Warren Buffett, the billionaire investor who turned an aging textile mill into a more than $1 trillion conglomerate, said he’s “going quiet,” marking the end of an era for one of the business world’s most-watched investing gurus.

In a letter disclosing that he’s donating more than $1.3 billion to four family foundations, the 95-year-old investor, who is stepping down from his role of chief executive officer at the end of the year, said he’s going to stop writing Berkshire Hathaway Inc.’s annual letters and speaking at its meetings.