WHAT YOU NEED TO KNOW
  • Nasdaq 100 futures climbed 1.9% as CoreWeave’s earnings beat and stronger guidance fueled a technology rebound.
  • CoreWeave surged as much as 15% in premarket trading, while Nvidia jumped 5%.
  • October consumer prices rose 0.4% month over month, pushing the implied chance of a December Fed increase to about 90%.
  • Chip stocks advanced across Europe and Asia, while major Asia Pacific markets closed broadly higher.

DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.

U.S. stock futures climbed Wednesday as CoreWeave’s earnings beat and Nvidia’s rebound lifted technology shares after a weak Tuesday session. Nasdaq 100 futures advanced 1.9%, S&P 500 futures gained 0.9%, and Dow Jones Industrial Average futures added 68 points, or 0.1%.

CoreWeave shares surged as much as 15% in premarket trading after the neocloud company reported third quarter revenue above analyst expectations. It also raised its operating income and revenue guidance for 2026.

CEO Michael Intrator said the three months through Sept. 30 marked a breakout quarter, with growth supported by several funding sources. Those included financing backed by customer contracts and about $9 billion in customer prepayments and deposits.

Other neocloud stocks joined the rally, with Nebius up 11.4% and Iren gaining 7.9% before the opening bell. Nvidia jumped 5% after losing nearly 10% to begin the week.

The inflation backdrop remained a restraint on the broader market. The consumer price index increased 0.4% month over month in October, exceeding expectations and lifting the implied chance of a quarter point Federal Reserve increase next month to about 90%, according to CME Group’s FedWatch tool.

Rick Rieder, CIO of global fixed income at BlackRock, wrote that inflation remained higher than desired and that a December increase was the market’s base case. Comments from Fed Governor Christopher Waller also prompted traders to assign greater odds to a quarter point move.

Ulrike Hoffmann-Burchardi, CIO of the Americas at UBS, said support for a 50 basis point increase appeared limited. Her base case remained increases of 25 basis points in December and March, while the U.S. bond market was set to remain closed Wednesday for Veterans Day.

European semiconductor shares followed CoreWeave higher. Infineon climbed 6.3%, ASMI rose 5.5%, ST Microelectronics gained 4%, and ASML advanced about 3%, extending the technology rebound beyond U.S. futures.

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The pan European Stoxx 600 was last 0.29% higher, with Germany’s DAX up 0.73%. France’s CAC 40 added 0.39%, and the U.K. FTSE 100 gained 0.27%, although earlier trading had produced stronger advances across the region.

Asia Pacific markets also finished broadly higher. Japan’s Nikkei 225 gained 1.31%, South Korea’s Kospi jumped 2.6%, Australia’s S&P/ASX 200 added 0.27%, and China’s CSI 300 edged 0.4% higher.

RWE shares rose 1.4% after third quarter revenue reached 4.7 billion euros, representing a 46% annual increase. Adjusted earnings before interest, tax, depreciation and amortization rose 20% to 1.6 billion euros, while nine month core earnings of 4.6 billion euros beat the 4.4 billion euro analyst forecast.

RWE CFO Michael Müller said the data center buildout and Europe’s shift away from fossil fuels were two major drivers of electrification. In contrast, Vestas Wind Systems fell 9.2% after missing third quarter revenue and profit estimates.

Vestas reported revenue of 5.7 billion euros, below the 6 billion euros expected by analysts, while net profit of 323 million euros missed the 380 million euro forecast. The company cited higher costs at a European offshore project and narrowed its 2026 revenue forecast to between 20.5 billion and 21.5 billion euros.

Siemens Energy reported record quarterly revenue of 12.83 billion euros, up 21.5% and above the 12.56 billion euro consensus estimate. Net income reached 1.36 billion euros, orders rose 5.2% to 14.8 billion euros, and the company proposed a dividend of 2.30 euros per share alongside plans for share buybacks of up to 9 billion euros through its 2030 financial year.

The rebound followed broad losses Tuesday, when Nvidia’s decline and rising expectations for a Fed increase pressured sentiment. The Dow fell 0.3%, the S&P 500 declined 0.38%, and the Nasdaq Composite lost 0.74%.

DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.