Stock futures edged slightly lower in early Tuesday trading as the market participants assessed the possible end of the federal government shutdown in focus, after the U.S. Senate voted in favor of a bill to reopen the government, aided by several Democrats breaking ranks to support the measure.
Here are some of Tuesday’s biggest stock movers:
Biggest stock gainers
- BigBear.ai (BBAI) +15% – Shares jumped after reporting a stronger-than-expected Q3 and announcing a $250M acquisition of Ask Sage, which is projected to generate $25M in ARR in 2025, roughly six times its level from a year ago. The deal is expected to close by late 2025 or early 2026, and management said they plan to remain active in M&A to support growth. The company reaffirmed its full-year revenue outlook of $125M to $140M (midpoint $132.5M), slightly below the $133M consensus.
- Rocket Lab (RKLB) +7% – Shares rallied after posting strong Q3 results, with revenue up 48% Y/Y to a record $155.1M and a narrower EPS loss of -$0.03 vs. -$0.10 a year ago. The company secured 17 Electron launch contracts in the quarter and expects to surpass its annual launch record in Q4. Management highlighted momentum across space systems programs, a record launch services backlog, and strategic M&A tied to next-generation defense initiatives. For Q4, Rocket Lab guided revenue to $170M–$180M (midpoint $175M) vs. ~$171M consensus and forecast an adjusted EBITDA loss of $23M–$29M.
- Paramount Skydance (PSKY) +6% – Shares rose after reporting its first earnings since the August merger of Paramount Global and Skydance Media. Pro forma revenue for the quarter came in flat at $6.7B vs. expectations for $6.99B, as continued double-digit streaming growth was offset by a 12% decline in TV media. Filmed Entertainment revenue jumped 30%, primarily due to the consolidation of Skydance’s licensing and sales. For Q4, the company guided revenue to $8.1B–$8.3B (above consensus) and adjusted OIBDA to $500M–$600M. Management noted that several hundred million in transformation costs and a ~$500M restructuring charge will hit Q4 results, and it will begin counting only paid Paramount+ subscribers and reorganizing its financial reporting segments starting next quarter.
Biggest stock losers
- CoreWeave (CRWV) -6% – Shares dropped after posting Q3 results ahead of expectations while issuing 2025 guidance that highlighted heavy investment ahead. The company guided 2025 revenue to $5.05B–$5.15B and adjusted operating income to $690M–$720M. CapEx is expected to be $12B–$14B, with most spending shifting from Q4 into Q1 due to project delays. Management said backlog growth and surging demand for its cloud infrastructure will require even greater investment in 2026, with CapEx expected to be well over double 2025 levels. CoreWeave expects to close 2025 with 850+ MW of active power and guided 2025 interest expense to $1.21B–$1.25B.
- CleanSpark (CLSK) -4% – Shares slipped after it upsized and priced a $1.15B offering of 0.00% convertible senior notes due 2032, which will be sold in a private placement with a 27.5% conversion premium. The company plans to use roughly $460M of the proceeds to repurchase its shares, with the remainder earmarked for expanding its power and land assets, building data center infrastructure, repaying bitcoin-backed credit lines, and general corporate needs. Net proceeds are expected to total about $1.13B, or up to $1.28B if the initial purchasers exercise their full option to buy an additional $150M in notes.