US stock futures were little changed Tuesday night, as Wall Street digested a rotation out of Big Tech into more defensive corners of the market and awaited a key congressional vote to end the longest government shutdown in US history.
Dow Jones Industrial Average futures (YM=F) hovered above the baseline, while S&P 500 futures (ES=F) inched up 0.1%. Nasdaq 100 futures (NQ=F) ticked higher by roughly 0.1%.
Washington watchers are keeping an eye on Capitol Hill, where the Senate passed a spending bill late Monday aimed at reopening the government. The measure now heads to the House, which is expected to vote as soon as Wednesday afternoon.
After stocks surged on Monday, largely thanks to the emerging shutdown deal, Wall Street endured a split session on Tuesday: The Dow (^DJI) surged more than 550 points to a fresh record close, while the tech-heavy Nasdaq Composite (^IXIC) slipped as investors took profits in high-flying artificial intelligence names. The S&P 500 (^GSPC) eked out a modest gain, marking its third straight positive day.
On the macro front, investors parsed a weaker-than-expected ADP employment report showing private payrolls declined in October, stoking fresh concerns about a cooling labor market. The data took on added weight as the ongoing government shutdown has delayed key federal economic releases.
Wednesday will see several Fed officials speak, including President Trump’s newest appointee, Stephen Miran, and Christopher Waller, reportedly in contention to be named the central bank’s next chair. Investors are looking for any clues to the Fed’s rate move next month, with most bets still on a quarter-point cut.
Earnings season continues at a slower pace, as the majority of companies have already issued reports. Big names to keep an eye on for the rest of the week include Cisco (CSCO), Disney (DIS), and Applied Materials (AMAT).
Coming soon
Stock market coverage for Wednesday, November 12, 2025.