Futures Edge Higher After CPI Day, and CoreWeave Gives AI a Lift

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The one thing that matters tonight

CoreWeave reported third-quarter revenue of $3.66 billion, above the $3.56 billion consensus in Bloomberg data, and raised its full-year revenue guidance to $13 billion to $13.3 billion from $12 billion to $13 billion, Yahoo Finance reported. Its shares were up 6.26% in after-hours trading at 6:01 PM CT (Yahoo Finance data). Nasdaq 100 futures were up 0.39% and S&P 500 futures up 0.17% as of 5:52 PM CT (Yahoo Finance data).

Our read

Here's what jumps out: the market spent the day worrying about rates, and tonight it got a reason to feel better about AI. CoreWeave came in with a beat and a raise after weeks of worry about AI financing, Yahoo Finance noted. That doesn't change the Fed story one bit, but it gives tech a softer landing tonight than this afternoon suggested.

The reopen

Nasdaq 100 futures (NQ): 27,945.00, up 0.39% as of 5:52 PM CT (Yahoo Finance data).
S&P 500 futures (ES): 7,556.75, up 0.17% as of 5:52 PM CT (Yahoo Finance data).
Gold futures (GC): $4,044.40, up 0.35% as of 5:52 PM CT, after today's drop (Yahoo Finance data).
Nvidia was up 0.89% in after-hours trading at 6:01 PM CT, after closing down 5.47% (Yahoo Finance data).

Asia tonight

Time CT	Market or event	Consensus	Why it matters
5:00 PM	Sydney (ASX) open	—	Already trading; reacting to the hot CPI print
6:00 PM	Tokyo and Seoul open (already trading)	—	Chip-heavy markets; Nvidia fell 5.47% Tuesday, CoreWeave rose after hours
7:30 PM	Hong Kong and Shanghai open	—	Mainland China and Hong Kong react to higher US yields
Wed	US bond markets closed for Veterans Day	—	SIFMA recommends a full close for Treasuries and other fixed income

Carried over from the US session

The S&P 500 closed down 0.38% and the Dow down 0.30% at 52,231.89 and the Nasdaq Composite down 0.74%, Reuters reported.
Core CPI rose 0.3% in October for a third straight month, BLS data showed, above the 0.2% forecast in a Reuters poll.
The 10-year Treasury yield rose 12.55 basis points to 4.988% and the two-year jumped 18.44 basis points to 4.731%, its biggest one-day jump since April 2025, Reuters reported.
Philadelphia Fed President Anna Paulson said Tuesday, in prepared remarks, that a "further gradual tightening seems appropriate," Reuters reported. Earlier, Fed Governor Waller and Dallas Fed President Logan opened the door to faster hikes.
Traders priced a 91% chance of a quarter-point hike and a 9% chance of a half-point hike in December, according to CME FedWatch, CNN reported.

What could move NQ, ES and gold overnight (general tendencies, not predictions)

With the cash Treasury market closed tomorrow (SIFMA recommendation), stock futures may lean more on earnings and Fed comments.
Chipmakers in Tokyo and Seoul tend to move with Nvidia and AI news, so tonight they get both Nvidia's slide and CoreWeave's beat to weigh.
Gold usually reacts to the dollar and rate-hike bets. After today's drop on hike talk, it's worth watching whether tonight's bounce holds.

What we're watching for the morning

Does CoreWeave's beat carry into Wednesday's open, or does the rate story pull tech back down?
Nvidia has fallen two straight days. Does it steady?
With bonds closed, do more Fed officials keep the half-point talk going?

The short version (the what and the result)

CoreWeave beat on revenue and raised its full-year outlook; its shares rose 6.26% after hours (Yahoo Finance).
Nasdaq 100 futures +0.39%, S&P 500 futures +0.17%, gold futures +0.35% (5:52 PM CT, Yahoo Finance data).
US bond markets are closed Wednesday for Veterans Day (SIFMA).