Market Summary - November 11, 2026

The US stock market opened positively on November 11, 2026, with the Nasdaq 100 rising nearly 2% due to a strong rally in CoreWeave and a rebound in Nvidia. The S&P 500 also saw gains of 1%, while Dow Jones Industrial Average futures increased by 0.3%. This upward movement occurred despite a stronger US dollar and rising yields exceeding 5%.

CoreWeave's Strong Performance

CoreWeave, a neocloud company, reported impressive third-quarter results, with revenues soaring 168% year-over-year to $3.66 billion, surpassing analysts' expectations of approximately $3.55 billion. The company also raised its revenue and operating income guidance for the full year 2026, indicating robust demand for AI infrastructure. Shares of CoreWeave surged over 10% following the announcement.

Key Financial Figures from Q3 2026

• Revenue: $3.66 billion (+168% YoY)
• Net Loss: $709 million (compared to $626 million in Q2)
• Loss per Share: $1.27 (better than the expected loss of $1.55)
• Backlog: $132.5 billion (+138% YoY)
• FY2026 Revenue Guidance: Raised to $13.0–13.3 billion
• FY2026 CAPEX: Expected at $37–39 billion

Market Reactions and Broader Implications

The positive results from CoreWeave not only boosted its stock but also positively impacted the Asian technology sector, with South Korea's Kospi rising 2.6%. European technology stocks also saw gains, indicating a ripple effect across the tech industry.

Geopolitical Tensions and Oil Prices

Geopolitical tensions escalated as Iran's Security Council chief warned of potential retaliation against US military bases in the event of an attack. This rhetoric contributed to a rebound in oil prices, with Brent crude rising to approximately $93 per barrel.

Federal Reserve Outlook

Goldman Sachs and UBS have adjusted their forecasts, anticipating another interest rate hike from the Federal Reserve in March 2027, following a potential increase in December 2026. This expectation is driven by higher-than-expected inflation data, which may prompt the Fed to maintain a more restrictive monetary policy.

Conclusion

The market's positive momentum, driven by strong earnings from CoreWeave and a rebound in Nvidia, reflects ongoing robust demand for AI infrastructure. However, challenges remain, particularly regarding financing and geopolitical tensions that could impact market stability.