TSX futures rise as CoreWeave outlook provides relief after bond market selloff Scott Kanowsky Wed, November 11, 2026 at 7:32 AM EST 4 min read ^GSPTSE -0.76% GC=F +0.49% Investing.com - Futures linked to Canada's main stock index pointed higher on Wednesday, buoyed by renewed optimism around the artificial intelligence which has provided relief following a bond-market selloff.
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By 06:31 ET (11:31 GMT), the S&P/TSX 60 index standard futures contract had risen by 9 points, or 0.4%.
On Tuesday, the S&P/TSX composite index finished down by 0.8% at 36,170.45, retreating from a two-month high, after firmer-than-anticipated U.S. inflation data drove bets for potentially larger-than-normal Federal Reserve interest rate hikes. Analysts cited by Reuters flagged that elevated prices and higher rates could dent the U.S. economy, and in turn potentially weigh on growth in key trading partner Canada.
Gold prices have stabilized following a sharp drop in the prior session that hit Canada's materials sector, which includes metal mining shares. An uptick in interest rates can make non-yielding assets like gold less attractive to investors.
Meanwhile, oil prices pushed higher after Iran stressed that no nuclear material will leave the country, dampening recent hopes for a de-escalation in Middle East tensions that briefly pushed crude down below $90 a barrel for the first time since August earlier this week.
Tech-heavy Nasdaq futures jumped on Wednesday, as an upbeat financial outlook from neocloud group CoreWeave and solid demand for Anthropic's initial public offering reignited optimism around AI.
By 06:48 ET, the Nasdaq 100 futures contract had climbed by 506 points, or 1.8%, while S&P 500 futures had gained 63 points, or 0.8%. Dow futures had edged up by 86 points, or 0.2%.
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"[T]ech stocks are staging a robust rebound rally so far this morning thanks in large part to CoreWeave, as the company posted solid beat-and-raise results and (more importantly) provided reassurances over its ability to secure financing and convert its backlog to revenue," analysts at Vital Knowledge said in a note.
CoreWeave, which offers computing power to AI developers, offered a rosy full-year revenue forecast of $13 billion to $13.3 billion that surpassed Wall Street predictions. It was a sign that demand remains robust despite possible political headwinds confronting the data center industry.
Third-quarter sales of $3.66 billion also exceeded expectations, while CoreWeave's per-share loss of $1.27 was shallower than projected. CEO Michael Intrator said it was a "breakout quarter." Shares of CoreWeave surged by more than 14% in premarket hours trading, pointing to a rally in a stock that has been hit hard in recent weeks by concerns over the company's $50-billion debt pile.
Investors are also monitoring developments surrounding Anthropic's blockbuster IPO, which could test the appetite for large AI listings during a time when markets have been fretting over whether Democrats will use their midterm election victory to attempt to slow development of the nascent technology.
Anthropic, known for its Claude chatbot, is reportedly aiming to raise $64.4 billion at a fully diluted valuation of up to $1.4 trillion, according to Bloomberg News. The Financial Times has reported that Anthropic's bankers have been seeking to increase that valuation as well.
In the regular session on Tuesday, the Nasdaq Composite declined 0.7%, the benchmark S&P 500 lost 0.4%, and the blue-chip Dow Jones Industrial Average fell 0.3%. A steep selloff in U.S. government debt placed downward pressure on equities. The U.S. Treasury market is closed on Wednesday for Veterans Day.
The declines came after Labor Department data showed that headline and underlying U.S. consumer growth in October exceeding forecasts, indicating that inflationary pressures remained persistent due in part to stubbornly elevated energy prices.
At the same time, hawkish comments from Federal Reserve officials also fueled concerns over tighter monetary policy. Fed Governor Christopher Waller said he would support a rate increase in December even if inflation cooled, and argued that policymakers should consider a larger 50-basis-point increase if price pressures worsened. Dallas Fed President Lorie Logan later said the central bank needed at least two more quarter-point rate increases to bring inflation under control.
TSX futures rise as CoreWeave outlook provides relief after bond market selloff
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