Key facts
- Dow E-minis were up 205 points, or 0.39%, at 5:01 a.m. ET, per the report.
- S&P 500 E-minis rose 12.5 points, or 0.17%, while Nasdaq 100 E-minis lost 3 points, or 0.01%.
- Brent crude futures fell 3.6% and slipped below $90 a barrel for the first time since August.
- Nvidia rose 1.3% in premarket trading after touching a seven-month low in the previous session.
- CoreWeave shares were 2.4% higher in premarket trading ahead of expected quarterly earnings after the close.
Futures tracking the S&P 500 and the Dow Jones indexes rose in premarket trading on Tuesday, November 10, 2026, as lower oil prices accompanied gains in equity futures, Reuters reported. Monday's session had already produced the S&P 500's biggest one-day percentage gain since April.
At 5:01 a.m. ET, Dow E-minis were up 205 points, or 0.39%, S&P 500 E-minis rose 12.5 points, or 0.17%, and Nasdaq 100 E-minis lost 3 points, or 0.01%. Nasdaq 100 contracts were flat overall. Among chip stocks in premarket trading, Micron and Marvell Technology were about 1% higher and Intel was down 0.5%. Nvidia rose 1.3% after touching a seven-month low in the previous session following controversy around CEO Jensen Huang.
Brent crude futures fell 3.6% and slipped below $90 a barrel for the first time since August, according to the report. A hotter-than-expected October CPI reading could threaten the recovery in stocks, the report said. The CPI likely rose 0.3% last month after a 0.6% gain in September, according to a Reuters survey of economists, while core CPI was estimated at 2.8% annual, following 2.6% in September. The rate remains above the Federal Reserve's 2% target.
Brian Levitt, chief global market strategist at Invesco, wrote that a slowdown in data center construction may impose greater discipline on capital expenditure and could favor companies that have already controlled large amounts of compute capacity. He added that a slower AI infrastructure buildout could favor more defensive areas of the stock market in the near term, while distinguishing an elongation of the AI investment cycle from its end.
Anthropic is expected to formally launch the roadshow for its initial public offering on Tuesday, with pricing expected next week, the report said. CoreWeave is expected to report quarterly earnings after market close on Tuesday, and its shares were 2.4% higher in premarket trading. Peer Nebius rose 1.5%. Aswath Damodaran, a finance professor at New York University's Stern School of Business, wrote that the easy AI trade is mostly done.