U.S. stock futures rose on Wednesday, as the Dow Jones, S&P 500, and Nasdaq 100 indices advanced, following Tuesday's lower close.
Treasury Secretary Scott Bessent urged the U.S. and China to "de-risk, not to decouple" their economic relationship, while Chinese ambassador Xie Feng called for respecting bilateral "red lines" ahead of an expected Trump-Xi meeting next week during the APEC summit in Shenzhen, China.
Reuters reported that Iran's top security official Mohsen Rezaei said Tehran is not negotiating with Washington and disputed claims of continuing talks and a possible meeting in Qatar, after Trump met Qatar's prime minister and Reuters reported Trump would suspend fresh strikes while maintaining the U.S. naval blockade.
Meanwhile, the 10-year Treasury bond yielded 4.99%, and the 2-year Treasury bond yielded 4.74%, at the last check. The CME Group's FedWatch tool projections show markets pricing in a 100% likelihood of the Federal Reserve hiking interest rates after its December meeting, with odds for a 25-basis-point hike at 86.2%.
| Index | Performance (+/-) |
|---|
| Dow Jones | 0.18% |
| S&P 500 | 0.70% |
| Nasdaq 100 | 1.60% |
| Russell 2000 | 0.60% |
The SPDR S&P 500 ETF Trust (NYSE:SPY), the Invesco QQQ Trust ETF (NASDAQ:QQQ) and the SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA), which track the S&P 500 index, Nasdaq 100 index and Dow Jones Industrial Average, respectively, were higher in premarket trading on Wednesday. The SPY was up 0.69% at $755.13, the QQQ advanced 1.57% to $685.35, and the DIA rose 0.10% to $522.25.
CoreWeave
- CoreWeave Inc. (NASDAQ:CRWV) was 13.39% higher in premarket Wednesday after it reported a third-quarter 2026 loss of $0.95 per share on revenue of $3.66 billion, beating estimates, after the closing bell on Tuesday.
- MarketDash's stock rankings indicate that CRWV maintains a negative price trend in the short, medium, and long terms, with a poor momentum score.
Telefonica Brasil
- Telefonica Brasil SA (NYSE:VIV) after it reported third-quarter 2026 EPS of $0.30 on revenue of $3.12 billion, beating estimates, after the closing bell on Tuesday.
- MarketDash's stock rankings indicate that VIV maintains a negative price trend in the short, medium, and long terms, with a strong quality score.
Rigetti Computing
- Rigetti Computing Inc. (NASDAQ:RGTI) was 3.58% lower in premarket Wednesday after it reported a third-quarter 2026 earnings loss of $0.06 per share on revenue of $1.41 million, missing estimates, after the closing bell on Tuesday.
- MarketDash's stock rankings indicate that RGTI maintains a negative price trend in the short, medium, and long terms, with a poor momentum score.
Franco-Nevada
- Franco-Nevada Corp. (NYSE:FNV) was 3.57% higher in premarket on Wednesday as analysts expect third-quarter 2026 EPS of $2.03 and revenue of $623.18 million after the closing bell.
- MarketDash's stock rankings indicate that FNV maintains a positive price trend in the short, medium, and long terms, with a poor value score.
Cues From Last Session
U.S. stocks closed lower on Tuesday, with financials, energy and communication services leading and information technology, materials and utilities lagging. The Dow dropped over 100 points.
| Index | Performance (+/-) | Value |
|---|
| Dow Jones | -0.30% | 52,231.89 |
| S&P 500 | -0.38% | 7,520.93 |
| Nasdaq Composite | -0.74% | 25,065.88 |
| Russell 2000 | -0.68% | 2,821.38 |
Insights From Analysts
Luke Lango, technology analyst and editor of Innovation Investor, wrote that stocks "resumed their selloff after Monday's rally" after a hotter-than-expected October CPI report "locked in a December Fed hike and sent the 10-year yield to 5%." He said higher borrowing costs "feed straight into the financing fears of the AI capex slowdown thesis," even as he argued "Demand isn't the problem."
Lango said "Still no bottoming signals," adding that "All the major AI benchmarks remain below their 200-day moving averages, and the SMH, SOXX and AIS are below their Leopold Lows." He wrote, "The evidence says sit tight."
On positioning, Lango said, "We move NVDA to Hold as the Jensen Huang fallout widens," and added he would "keep SANM on Hold after a blowout quarter until the chart confirms," while also writing, "keep RKLB a Buy, and keep ASTS on Hold while staying bullish on the fundamentals."
Upcoming Economic Data
Here's what investors will be keeping an eye on Wednesday.
- No data is scheduled to be released today.
Commodities, Crypto, And Global Equity Markets
Crude Oil WTI futures were trading higher in the early New York session by 1.01% to hover around $86.91 per barrel. Meanwhile, Brent futures were trading higher in the early New York session by 1.39% to hover around $92.76 per barrel.
Gold Spot US Dollar rose 0.27% to hover around $4,049.73 per ounce. The U.S. Dollar Index spot was 0.24% higher at the 102.4564 level.
Bitcoin (CRYPTO:BTC) was trading at $73,648 per coin, down 0.92% over the last 24 hours.
Asian markets were mixed on Wednesday, as Australia's ASX 200, India's Nifty 50, South Korea's Kospi, China's CSI 300, and Japan's Nikkei 225 indices rose. Hong Kong's Hang Seng index fell. European markets were higher in early trading.
