Before the bell: Nasdaq futures jump 1.9% as CoreWeave soars 13% and Nvidia rebounds, with bonds shut

Tech is bouncing hard before the open. At about 6:30 AM ET, Nasdaq 100 futures were up 1.86%, S&P 500 futures 0.86% and Dow futures 0.15% from the prior close, after Tuesday's hot inflation report knocked the Nasdaq 100 down 0.6% to 27,740.79. The spark is CoreWeave, the AI cloud company whose results eased a financing scare, and the rebound reaches well beyond it.

Futures and key markets at about 6:30 AM ET

Futures from Yahoo Finance one-minute data, compared with each contract's prior close as Yahoo lists it. Overnight futures trade thinly and can reverse by the 9:30 AM open. The dollar index was 102.195, up 0.28%, on the Chronicle markets board. Bitcoin was $73,977 on Coinbase, down 0.48% over 24 hours.

CoreWeave and Nvidia lead the bounce

CoreWeave was $55.02 in premarket trading at 6:34 AM ET, up 12.91% from Tuesday's $48.73 close, per the Nasdaq quote feed. CNBC reported that the company's third-quarter revenue rose 168% to $3.7 billion, beating estimates, and that it now expects $13 billion to $13.3 billion in 2026 revenue and $1.275 billion to $1.375 billion in adjusted operating income. Analysts surveyed by Visible Alpha had expected $1.07 billion of operating income, and those polled by LSEG $12.86 billion of revenue.

The reason the market cares is financing, not growth. CNBC notes that the cost of insuring CoreWeave's debt had widened past 11%, a level generally read as distress, and that the company has moved away from unsecured bonds toward financing backed by customer contracts, plus about $9 billion of customer prepayments and deposits. Other AI cloud names rose with it: Nebius 10.2%, Applied Digital 6.4% and Iren 6.3% in CNBC's 5:08 AM check. Our earlier look at the release has the number the headlines skip: $846 million of net interest expense against $207 million of operating income.

Nvidia was $177.70 in premarket trading, up 5.22% from Tuesday's close of $168.80, which itself was a 5.53% drop. We have not found a new development explaining the rebound. The probe into CEO Jensen Huang's contacts with an alleged Chinese spy, covered in our Nvidia update, is unresolved, so a one-day bounce is not a verdict either way.

Anthropic IPO: valuation chatter, unconfirmed

Tuesday evening Anthropic set a range of $70 to $78 a share for its planned offering, as we reported in the Nightcap. This morning, Bloomberg and CoinDesk headlines say bankers are weighing a higher valuation. Both full articles were blocked to our fetcher, so we cannot confirm the details. Treat it as an unverified report until the company files an amended range.

Veterans Day: stocks open, bonds shut

The NYSE's 2026 holiday calendar does not list Veterans Day, so stocks trade normally. The bond market is different: SIFMA's holiday schedule lists Veterans Day as a day off for the U.S. bond market. Expect no fresh Treasury yield print and thin rate trading. The last read is Tuesday's 10-year at 4.98% (2-year 4.73%), up from 4.88% and 4.56%, per the Treasury's daily curve. That matters because the stock rebound is happening without a rates market to confirm or reject it.

The Fed backdrop has not changed since Tuesday. Governor Waller said he leans toward a quarter-point hike in December, and traders priced one fully, per our close story. The Fed meets Dec. 8-9.

What to watch

• Today: no major U.S. data release on the Chronicle economic calendar. Company news and the open of cash trading will drive the day.
• Thursday: initial jobless claims (forecast 195,000, previous 189,000) and existing home sales (forecast 3.85 million, previous 3.99 million).
• Nov. 17: retail sales (forecast flat, previous +0.8%).
• Whether the Nasdaq 100 can keep the gap: even after today's jump, futures sit about 9.9% below the Oct. 6 high, and the cash index closed Tuesday 11.2% below it.

Sources: Yahoo Finance; Nasdaq; CNBC; Coinbase; U.S. Treasury; SIFMA; NYSE. Premarket and futures prices can change quickly. This is market information, not investment advice.