Global equities advanced Nov. 11 as U.S. technology shares rebounded, while the dollar rose on firmer December rate-hike bets and CoreWeave shares jumped after the company raised its outlook.
The Nasdaq Composite added 400.31 points, or 1.6%, to 25,466.19. The S&P 500 gained 98.45 points, or 1.3%, to 7,619.38, while the Dow Jones Industrial Average rose 254.60 points, or 0.5%, to 52,486.49. Reuters reported that MSCI’s global equities gauge gained 1.12% to 1,121.15 and that CoreWeave shares climbed 24.7%.
CoreWeave’s earnings release filed with the Securities and Exchange Commission showed revenue of $3.661 billion for the quarter ended Sept. 30, compared with $1.365 billion a year earlier. The company recorded a $709 million net loss and $846 million in net interest expense. It set its 2026 revenue outlook at $13 billion to $13.3 billion, and forecast capital spending of $37 billion to $39 billion for the year and fourth-quarter interest expense of $1.05 billion to $1.15 billion.
The filing put CoreWeave’s revenue backlog at approximately $132.5 billion as of Sept. 30. Company executives said customer contracts and prepayments support its financing approach. Chief Financial Officer Nitin Agrawal said on the earnings call that management expected adjusted net income to turn positive in the first half of 2028.
The rebound followed a week of losses in technology stocks amid concerns about AI business growth, the staying power of the rally and possible regulation, issues the Associated Press and Reuters cited in their coverage. EconoTimes previously covered a pullback in U.S. technology stocks.
The Bureau of Labor Statistics (BLS) said its Consumer Price Index for All Urban Consumers rose 0.4% in October from September on a seasonally adjusted basis, after a 0.6% increase in September. The index excluding food and energy rose 0.3%. Federal Reserve Governor Christopher J. Waller said before the release that a core monthly increase around 0.3% or higher would make a 50-basis-point increase worth considering. That was Waller’s view, not a Federal Open Market Committee decision.
Reuters reported that the dollar index gained about 0.7% and that futures pricing implied an 87% chance of a quarter-point increase at the December meeting. The probability reflects Reuters’ account of futures pricing, not a Federal Reserve forecast. The Federal Open Market Committee is scheduled to meet Dec. 8-9, and the BLS has scheduled its November inflation report for Dec. 10 at 8:30 a.m. ET.
