Daily Pre-Market News🐝
Enjoy your coffee this morning ☕
Futures right now:
• Dow: flat, up ~0.1%, about 50 points
• S&P 500: up ~0.8%
• Nasdaq-100: up ~1.7%, the strongest of the three
• Yesterday was a down day — the S&P slipped 0.38%, the Nasdaq fell 0.74%, and the Dow lost 0.30% after October inflation came in hotter than expected.
• What's driving the mood: CoreWeave crushed earnings — revenue up 168% — and its shares are up around 15% before the bell. That's calming the AI-bubble nerves, and Nvidia is bouncing back about 5% too.
• Yields are still high, with the 10-year sitting near 5% after that hot inflation report. Markets now see about a 90% chance of a Fed rate hike in December.
• Oil is bouncing back as well — Brent is around $93 and WTI near $87, up about 1-2% after hitting a two-month low yesterday.
• The key thing today: it's Veterans Day, so the bond market is closed and there's no economic data on the calendar. Stocks are open as normal.
• Bitcoin is holding near $74,000, and gold is steady around $4,050 after yesterday's selloff.
Have a great day💵
