Despite a tech tumble, stocks rose on hopes that the government shutdown will end soon

Every sector was higher except for tech, which dragged down the Nasdaq 100.

Your Evening Briefing November 11, 2025 Despite a tech tumble, stocks rose on hopes that the government shutdown will end soon The S&P 500 and Russell 2000 moved higher on hopes that the longest government shutdown in US history may soon end. Every sector ETF moved higher, except for tech, which dragged down the Nasdaq 100 to finish in the red. The AI trade was under pressure as Nvidia dipped amid news that SoftBank has sold its $5.8 billion stake. Stocks that moved higher: Paramount Skydance rose after saying its direct-to-consumer streaming business will be profitable this year. The company also said that it now expects annual opex savings from the merger of $3 billion a year, up from previous estimates for $2 billion of cost savings. Opendoor Technologies rose after CEO Kaz Nejatian pledged to buy $1 million in company stock at the opening bell today. Stocks that moved lower: CoreWeave slid despite blowout beats on Q3 sales and operating profit, as delays to their data centers weighed on 2025 guidance. Meta dropped on a report that chief AI scientist Yann LeCun is leaving to found his own startup. Plug Power fell after the on-again, off-again meme stock and hydrogen fuel cell company reported Q3 results a bit ahead of estimates after the bell yesterday. Rigetti tumbled after reporting a Q3 sales miss along with a modestly smaller-than-expected loss. Beyond Meat continued to drop after the plant-based meat maker reported a bigger Q3 loss and lower outlook for fourth-quarter sales than what Wall Street was expecting on Monday. Nebius fell after the company reported underwhelming Q3 results, despite announcing a fresh $3 billion deal with Meta to deliver AI infrastructure over the next five years. Fermi tumbled after it reported a steeper-than-expected loss in its first quarterly earnings report since the company's initial public offering last month. Forget AI — if you're looking for growth, check out natural gas  Natural gas stocks are generating some of the fastest sales growth in the market in Q3, amid a rally of 70% for the one of America's primary energy sources. Read more. Michael Burry has some concerns about AI accounting Not enough appreciation for depreciation, per the "Big Short" investor. Read more. Amazon says it has 315 million monthly active viewers for its Prime Video ads, according to Deadline, up from 200 million in April of 2024. The number comes just a week after Netflix said it had 190 million monthly active viewers. Read more. Tesla shareholders support Musk much more than Musk's xAI Many abstained from voting on xAI investment. Google rolls out "Private AI Compute" matching Apple's AI privacy scheme The new feature promises that even Google can't read your AI data. when sent to its cloud for processing. Apple announced a similar plan over a year ago.   AMD CEO Lisa Su says AI business to grow more than 60% a year for three to five years That would help the company blow away its 2028 revenue estimates if realized, which, to be sure, is a long time away. Italian pasta could cost twice as much in the US under new tariffs New tariffs could take import duties to 107% on Italian noodles. Apple reportedly considers adding additional camera to iPhone Air and pushing next release to 2027 The single camera was one of the biggest complaints for the Air.  BYD to sell 1.6 million vehicles abroad next year — the same number Tesla is expected to sell in total this year Citi expects the Chinese Tesla competitor to potentially report 60% growth abroad next year.  Ethereum treasury firms are having a "bad time" as many fall below the value of their stockpile Since October, BitMine, ETHZilla, SharpLink Gaming, and several other treasury firms' stock prices have performed worse than ethereum itself. Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025