U.S. equity futures edged lower on Tuesday, following a losing session for Wall Street on Monday. The pullback was primarily driven by a retreat in technology stocks as the momentum from last week’s rally faded amid thin holiday-season trading volumes.
Here are some of Tuesday’s biggest stock movers:
Biggest stock losers
New Era Energy & Digital (NUAI) -4.83% – Shares slid, attributed to the fallout from a civil complaint filed by the State of New Mexico Attorney General and the New Mexico Oil Conservation Division. The company characterizes the legal action as a “baseless and uninformed attack” and has vowed to fight the allegations in court. New Era explicitly denies any affiliation with Acacia Operating Company or Acacia Resources. They state that the lawsuit’s theory of a “scheme” to defraud the state is fundamentally flawed because neither the company nor CEO E. Will Gray II were ever involved with those entities. The company clarifies that the 87 oil wells cited in the lawsuit are “immaterial” to their current operations. New Era was already in the process of divesting these assets to focus on its digital infrastructure and AI business.
Society Pass Incorporated (SOPA) -26.28% -Stock were facing downward pressure in the early sessions, primarily due to investor reaction to a newly priced $3 million public offering, via issuance of 1.5 million shares at $2.00 per share. The offering is slated to close on December 31, 2025. The company intends to utilize the new capital for general corporate purposes and working capital, including operating expenses and capital expenditures.