U.S. stock futures are higher in premarket trading with tech rebounding from Tuesday’s slide as Nvidia (NVDA) shares are higher.

The moves come after losses on Tuesday after the latest U.S. inflation data solidified expectations for a December Federal Reserve rate hike. October’s CPI data came in at 0.4% on a month-over-month basis, which was hotter than expected.

Nvidia shares are up about 3.6% in premarket trading and reversing some of the 9.5% losses from this week. CoreWeave (CRWV) shares are lending support to the tech gains today after the Neocloud stock beat revenue expectations on earnings and lifted its operating income and revenue guidance for 2026.

Today is Veteran’s Day so there is no economic data due, and U.S. bond markets and most banks are closed. But the U.S. stock market is open, and investor focus remains on geopolitical risks and tech volatility.

Snapshot

• Oil (/CL) – Oil futures are up 1.5% to $87.34 per barrel
• Gold (/GC) – Gold futures are up 0.51% to $4,051.10 per ounce
• Bitcoin (/BTC) – The cryptocurrency futures are up 0.37% to 74,080
• VIX (/VIX) – The CBOE Volatility Index is down 5.4% to 18.41
• U.S. Dollar ($DXY) – The dollar index is up 0.31% to 102.545

Big Premarket Movers

Advancers

• Lumentum Holdings Inc. (LITE) +9.81%
• Seagate Technology Holdings PLC (STX) +9.25%
• Coherent Corp. (COHR) +9.24%
• Marvell Technology Inc. (MRVL) +9.11%
• Sandisk Corp. (SNDK) +8.78%

Decliners

• Regeneron Pharmaceuticals Inc. (REGN) -2.52%
• Arch Capital Group Ltd. (ACGL) -2.33%
• Clorox Co. (CLX) -2.22%
• Accenture PLC (ACN) -2.14%
• Aon PLC (AON) -1.88%%

Economic Data (ET)

• Veteran’s Day
• 7:00 AM: MBA Mortgage Applications

Notable Earnings

• Premarket: N/A
• Postmarket: CAE, CTVA, VYLR
• Premarket Thursday: LUNR, NBIS, QXO, SPB, WWW, YETI
• Postmarket Thursday: AMAT, CBRS, CSCO, KLC, NU, SPCE, STNE, WSE

Upgrades/Downgrades

Upgrades:

• China Renaissance upgrades Apple (AAPL) from Hold to Buy
• Freedom Broker upgrades MP Materials (MP) from Hold to Buy

Downgrades:

• Baird downgrades Nvidia (NVDA) from Outperform to Neutral
• Evercore ISI downgrades Akamai (AKAM) from Outperform to In Line
• Bernstein downgrades Toast (TOST) from Outperform to Market Perform
• Wells Fargo downgrades Hartford (HIG) from Overweight to Equal Weight
• Keefe Bruyette downgrades Riot Platforms (RIOT) from Outperform to Market Perform

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

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