Stock Market Update
11-Nov-25 09:19 ET
Futures point to mostly lower open as mega-caps move lower
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -15.00. Nasdaq futures vs fair value: -117.00.
The stock market is on track for a mostly lower opening, with some pressure across tech names keeping the S&P 500 and Nasdaq futures below fair value.
NVIDIA (NVDA 194.94, -4.11, -2.1%) is among the laggards, moving lower in the premarket after Softbank (SFTBY) disclosed the company sold its entire NVIDIA stake for $5.83 billion.
It would be easy to read Softbank's exit as a move to lower its exposure to the industry In the context of recent choppiness around the AI trade and concerns of stretched valuations. However, CNBC reports that Softbank's sale of NVIDIA shares will be used to fund a $22.5 billion investment in OpenAI.
