S&P 500 futures fell on Tuesday after a strong start to the trading week. Futures linked to the broad market index dropped 0.2%, while Nasdaq-100 futures were down 0.4%. Futures tied to the Dow Jones Industrial Average traded just above the flatline. CoreWeave shares slid 10% after the company’s guidance disappointed investors, hurting the artificial intelligence trade. Nvidia shares also pulled back 2% in the premarket after SoftBank sold its entire stake in the chipmaker for more than $5 billion. The AI trade has been under pressure recently amid growing valuation concerns. Major U.S. indexes rallied across the board on Monday on hopes that the record-setting U.S. government shutdown could be nearing an end. The Nasdaq Composite had its best day since May 27, with a more than 2% gain, as investors bought the dip in artificial intelligence names after last week’s sell-off. The S&P 500 gained 1.5%, and the 30-stock Dow advanced almost 400 points, or nearly 1%. The Senate on Monday evening passed a bill to end the shutdown, sending it to the House. The negotiated deal does not include Democrats’ demand that any funding bill must include an extension of Affordable Care Act subsidies, and instead calls for a vote on the tax credits in December. Investors during the previous session piled into several risk-on names, which had led the broader market lower last week as concerns grew about the strength of the AI trade and the health of the U.S. economy. Nvidia notably jumped 5.8% on Monday, contributing more than a quarter of the S&P 500′s total upside for the day. Google parent Alphabet gained 4% while Microsoft added 1.9% to end its eight-day losing streak. “The end to the shutdown takes another risk off the table for markets and the economy, especially since we were edging up to a period where the shutdown would have lasting impact on the economy, by way of missed paychecks and lower consumption as a result, and even a pullback in travel,” said Sonu Varghese, global macro strategist at Carson Group. “The government re-opening will also be helpful because we’ll start getting macroeconomic data once again, and so the Fed will not go into their December meeting flying blind.” The U.S. bond market was closed Tuesday for the Veteran’s day holiday. Asia-Pacific markets traded mixed Tuesday, reversing earlier gains and breaking ranks with Wall Street, which rose on revived optimism about artificial intelligence and growing hopes that the U.S. government shutdown will end soon. Japan’s benchmark Nikkei 225 index fell 0.14% to close at 50,842.93, while the Topix index gained 0.13% in volatile trading to end at 3,321.58. South Korea’s Kospi index climbed 0.81% to 4,106.39 in volatile trading, after leading an AI recovery rally across the region Monday. Australia’s S&P/ASX 200 reversed course to trade 0.19% lower, settling at 8,818.8. Hong Kong’s Hang Seng Index was flat, while the mainland’s CSI 300 index dropped 0.91% to close at 4,652.17. Oil prices were stable on Tuesday, as oversupply concerns balanced uncertainty over the impact of the latest U.S. sanctions on Russian oil. Brent crude futures rose 27 cents, or 0.42%, to $64.33 a barrel by 0922 GMT. U.S. West Texas Intermediate crude was at $60.39 a barrel, up 26 cents, or 0.43%. Investors continue to assess the fallout of the U.S. sanctions on Russia, and their impact on both crude oil and refined fuel markets. Gold prices extended gains on Tuesday to their highest in nearly three weeks, supported by expectations a potential U.S. government reopening could restart the flow of U.S. economic data ahead of an expected Federal Reserve rate cut next month. Spot gold was up 0.5% at $4,137.06 per ounce, having earlier hit its highest since October 23 at $4,148.75, still below its record peak of $4,381.21 hit on October 20. U.S. gold futures for December delivery rose 0.5% to $4,143.80 per ounce. Gold is gaining traction because of “a renewed focus on U.S. fiscal concerns, as a government reopening would enable fresh spending financed through additional borrowing”, said Ole Hansen, head of commodity strategy at Saxo Bank.