US stock futures retreated as traders backed away from high-priced technology companies after SoftBank Group Corp. sold its entire Nvidia Corp. stake and
Futures for the S&P 500 and Nasdaq 100 slipped, trimming Monday’s gains that followed optimism that the US government shutdown was nearing resolution. Nvidia dipped and CoreWeave sank about 9% in premarket trading.
Leon Goldfeld of JPMorgan Asset Management says the “markets are right now going through a bit of consolidation phase.” Source: Bloomberg
The dollar was little changed, and cash trading in Treasuries was closed for the Veterans Day holiday. Stocks in Europe gained. Asia trading was mixed.
The setback at CoreWeave, which ...
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