5 things to know before the stock market opens

Stock futures fell this morning after Monday’s tech-fueled surge on hopes the federal government shutdown will end soon; The Senate late Monday passed legislation to fund the government through January, sending the measure to the House of Representatives; CoreWeave (CRWV) shares fell after full-year revenue forecasts fell short of analysts’ expectations; Advanced Micro Devices (AMD) is expected to deliver important AI updates at its Financial Analyst Day event. Here’s what you need to know today.

1. S&P 500 and Nasdaq futures decline after Monday’s rise

Stock futures fell slightly after major market indexes rose to start the week amid optimism over developments in Congress that suggest a six-week US government shutdown is nearing an end. Futures tied to the technology-focused Nasdaq and S&P 500 recently fell 0.4% and 0.2%, respectively, while Dow Jones Industrial Average futures rose. Bitcoin was trading at around $104,600, down from an overnight high above $107,000. Gold futures rose 0.5 percent to $4,145 an ounce, adding to the significant gains made in the previous session and trading near the highest level in three weeks. The bond market is closed on Tuesday in observance of the federal holiday of Veterans Day.

2. The Senate passes a funding bill that could end the shutdown

The Senate on Monday passed legislation that would fund the government through January, which could put an end to the longest shutdown in U.S. history. The bill was approved by a vote of 60 to 40, and will now head to the House of Representatives. President Donald Trump said he supports the funding legislation. The shutdown, now in its 42nd day, has stifled government economic reports and led to flight delays amid staffing problems with air traffic controllers. The House of Representatives could vote on the legislation as early as 4pm on Wednesday.

3. CoreWeave shares fall after revenue guidance misses estimates

Shares of cloud computing company CoreWeave (CRWV) fell in premarket trading after partner Nvidia issued disappointing guidance. CoreWeave reported that its third-quarter revenue jumped 134% to $1.36 billion, slightly above expectations of $1.3 billion, according to analysts tracked by Visible Alpha. The company’s adjusted loss per share of 22 cents was better than the analyst consensus of a loss of 35 cents per share. However, the company said it expects 2025 revenue to range between $5.05 billion and $5.15 billion, below the average of $5.29 billion. Shares of CoreWeave, which have more than doubled since the company’s initial public offering in March, fell 9% before the bell on Tuesday.

4. AMD is expected to provide updates on its AI roadmap

Advanced Micro Devices (AMD) is scheduled to hold its first-ever financial analysis day on Tuesday, and investors will be watching updated financial targets from the chipmaker. Last week, AMD posted record quarterly results and issued an upbeat forecast about growing demand for its data center chips. CEO Lisa Su is widely expected to provide more details about the company’s AI roadmap at today’s event, which is scheduled to begin at 1:00 PM ET. AMD shares fell slightly in premarket trading after rising more than 4% on Monday. You can watch the live stream of the AMD event here.

5. Why has Warren Buffett not sold his Berkshire shares yet

In a letter to shareholders on Monday, Berkshire Hathaway CEO Warren Buffett sought to allay investors’ concerns about his upcoming retirement and instill confidence in his successor, Greg Appel. Buffett said he plans to hold a “significant” number of Class A shares in Berkshire until shareholders feel “comfortable” with Appel, who will take over as CEO at the end of this year. Buffett, who ran the group for 60 years, said in the letter that he converted 1,800 Class A shares — worth about $1.3 billion — into Class B shares, which were donated to four family-run foundations. He also said he would not write the company’s annual report or “speak endlessly” at the annual meeting, but would continue writing his annual Thanksgiving letter. Shares of Berkshire (BRK.A, BRK.B) have fallen 8% since Buffett announced in May that he would step down at the end of this year. They rose in pre-market trading on Tuesday.