U.S. stock futures rose Wednesday morning, led by technology shares, as investors returned to artificial intelligence stocks a day after a hotter-than-expected inflation report pushed the major indexes lower. Nasdaq-100 futures were up about 1.9% and S&P 500 futures were up about 0.9% shortly before 9 a.m. Eastern time, while Dow futures were slightly higher.
CoreWeave led the move. Its shares rose more than 10% before the bell after the AI cloud company reported that third-quarter revenue jumped 168% and raised its 2026 outlook for revenue and adjusted operating income. Nvidia also rose in premarket trading after the chipmaker’s shares fell nearly 10% over the first two sessions of the week.
On Tuesday, the S&P 500 fell 0.38% to 7,520.93, the Nasdaq Composite fell 0.74% to 25,065.87 and the Dow Jones Industrial Average fell 0.3% to 52,231.89. The Bureau of Labor Statistics said consumer prices rose 0.4% in October, more than the 0.3% economists had expected.
The inflation data lifted bets on higher interest rates. Traders put the odds of a quarter-point Federal Reserve rate increase in December at about 90%, according to CME Group’s FedWatch tool, CNBC reported. Fed Vice Chair for Supervision Michelle Bowman said Tuesday that there is “still work to do” to bring inflation closer to the Fed’s 2% goal.
The U.S. bond market is closed Wednesday for Veterans Day, while the stock market is open for regular trading.
…
That’s the story. … Thank you for listening to Cedar Global Markets. We’re supported by our partners, and you can learn more about the partner featured on this page. We’ll see you next time.
