Nasdaq Futures Rally as AI Optimism Returns Joe Stonor Wed, November 11, 2026 at 8:14 AM EST 3 min read CRWV +12.43% ^IXIC +1.60% ^DJI -0.06% ^GSPC +0.95% NVDA +3.03% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nasdaq futures led stock futures higher as rebounding artificial-intelligence sentiment helped markets recover from a revival of Federal Reserve rate-hike concerns Tuesday.
Futures for the Nasdaq jumped 2%, buoyed by an after-hours steadying of Nvidia shares and gains for cloud-computing provider CoreWeave. The latter stock leapt 15% premarket after beating Wall Street revenue estimates for the third quarter, easing concerns that spending on AI data centers is running out of steam. CoreWeave's print was especially important given the stock's role at the center of last month's AI selloff, with the cost of insuring CoreWeave debt soaring as investors grew worried that AI spending would slow.
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Futures for the Dow Jones Industrial Average gained 0.15% and S&P 500 futures were up 0.9%. Gains for the Nasdaq follow a rally in Asian tech stocks, where the South Korean Kospi and the Japanese Nikkei Stock Average both closed firmly in the green. Shanghai-listed stocks rose 0.5%, though Hong Kong's Hang Seng fell. European stocks rose sharply, as the continent continues to benefit from investor diversification away from tech. The Stoxx 600 opened around 0.3% higher, trading close to a new record.
Treasury markets are closed for Veterans Day, giving investors a chance to catch their breath after a sharp run-up in yields Tuesday following hotter-than-expected inflation data. Markets moved to lock in expectations of a December Fed rate hike following the data, with the probability of a quarter-point hike priced at 88%, according to LSEG. Ten-year yields were last 4.983%, after rising above 5% on the print.
Oil prices rose after closing at their lowest finish since August in the prior session, with benchmark Brent crude contracts rising 2% to trade above $93 a barrel. Fears around supply from the Middle East continue to linger, with continued military strikes in the region adding to investor concern.
The dollar nudged higher against a basket of global currencies, while gold recovered some of Tuesday's losses to trade above $4,050 a troy ounce. Bitcoin failed to recover lost ground, trading below $74,000.
Write to Joe Stonor at josephmichael.stonor@wsj.com
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