US Pre-Market 13 November 2026: S&P 500 Futures +0.25% as Nvidia Rebounds and Cerebras Jumps 16.11%
Sentiment: mixed S&P 500 futures: +0.25%
S&P 500 futures are +0.25%, Nasdaq 100 futures +0.15% and Dow futures +0.14% at 7:21am ET on 13 November 2026, as NVDA.US recovers 1.99% of Thursday's 4.34% drop and CBRS.US rises 16.11% after raising its 2026 revenue forecast and naming Microsoft as a customer. MSFT.US is -1.44% while an Outlook outage that began Thursday afternoon continues, and CSCO.US is -3.75% after record revenue came with narrower margins. October producer prices are due at 8:30am ET, with the 10-year Treasury yield at 5.127%, per CNBC.
Overnight drivers
NVDA.US is +1.99% at $169.50 at 7:32am ET on 13 November 2026, one day after Jensen Huang resigned as chief executive and the stock closed at $166.19.
- NVDA.US +1.99%. Interim CEO Colette Kress is in charge while an outside firm searches for successors, per Bloomberg via Investing.com. Nearly $1 trillion of market value has gone this month, per Investing.com, and quarterly results are due next week. Rivals that rose Thursday are lower: AMD.US -2.22% to $572.30 after +5.86%, and AVGO.US -2.02% after +5.54%.
- CBRS.US +16.11% to $113.50 from a $97.75 close. Cerebras raised its 2026 revenue forecast and named Microsoft as a customer, per Investing.com. The stock had lost more than half its value before the report, per Finviz.
- MSFT.US -1.44% to $515.47. Outlook and other Microsoft 365 services have been down since about 1pm ET Thursday; at 4:14am ET Microsoft reported "early signs of stabilization", per CNBC. The stock was 3% lower at 4:35am ET.
- Cybersecurity: PANW.US +4.13% to $336.00 ahead of its 18 November results, where analysts expect 97 cents a share on $3.31 billion of revenue, per Benzinga. ZS.US is +3.51% and CRWD.US +3.18%.
- Rates and the Fed: the 10-year yield is 5.127%, up 2 basis points, after closing Thursday at 5.103%. CME FedWatch prices a 9 December hike at 100%, with about 87% odds of a quarter point and 13% of a half point, per CNBC.
- Crypto: bitcoin is -4.83% to $69,291, below $70,000 for the first time since August and on pace for a sixth weekly decline, per CNBC. COIN.US is -2.27% and MSTR.US -1.45%.
- Breadth: 228 large caps are higher before the open and 99 lower, out of 333 with a pre-market price at 7:31am ET.
Overnight Asia and Europe
Japan's Nikkei 225 closed +0.53% at 61,142.35 on 13 November 2026, the only major Asian index higher. Tokyo Electron rose 1.69% and SoftBank Group fell 5.11%. The yen crossed 160 per dollar on Thursday, and Finance Minister Satsuki Katayama warned of action against "sharp, one-sided moves", per CNBC.
South Korea's KOSPI fell 0.98% to 5,290.53 and the Hang Seng 1.55% to 23,637.60. Shanghai closed -0.59% at 3,634.35, and TSMC rose 0.43% in Taipei to 2,350 Taiwan dollars. Asics fell 14.3% after third-quarter revenue of 270.67 billion yen missed estimates, per CNBC.
The STOXX 600 is -0.09% at 663.41 at 7:16am ET, with the DAX -0.05%, the CAC 40 -0.07% and the FTSE 100 +0.08%. Richemont fell 6.8% in Zurich even though first-half sales rose 16% to 12.3 billion euros, as quarterly growth slowed to 13% from 20%, per CNBC. ASML and ASMI were down about 1.5% at the open.
Pre-market movers
| Ticker | Move | Reason |
|---|---|---|
| MOD.US | +30.27% | Samsung Electronics in talks to buy the data center cooling maker, per Bloomberg |
| CBRS.US | +16.11% | 2026 revenue forecast raised; Microsoft named as a customer |
| NU.US | +4.25% | Q3 net income $1.1 billion, up 31% currency-neutral; 143 million customers |
| PANW.US | +4.13% | Results due 18 November; cybersecurity group higher |
| NVDA.US | +1.99% | Partial recovery after Thursday's 4.34% drop on Huang's exit |
| CSCO.US | -3.75% | Q1 revenue +24% to $18.52 billion; gross margin 65.6% from 68.1% |
| AMD.US | -2.22% | Gives back part of Thursday's 5.86% gain |
| AVGO.US | -2.02% | Gives back part of Thursday's 5.54% gain |
| MSFT.US | -1.44% | Outlook outage enters a second day |
- $18.52 billion was Cisco's fiscal first-quarter revenue, up 24% and its fastest growth in more than 15 years, with non-GAAP EPS of $1.40, both above estimates, per Investing.com. Product gross margin fell to 63.7% from 67.2% on a heavier mix of AI networking hardware and higher memory costs.
- $5.64 billion was Modine's market value before the Samsung report, per LSEG via CNBC; a deal could come within weeks, per Bloomberg.
- $0.22 was Nu's adjusted EPS against a $0.23 estimate, and net revenue of $5.82 billion missed $5.91 billion, per Investing.com. Management tightened its 2026 efficiency ratio outlook to 19% to 19.5%.
- GOOGL.US +1.16%, AMZN.US +1.14% and AAPL.US +0.37%; META.US is flat.
Commodities and the dollar
December WTI is -0.19% at $88.57 and Brent +0.38% at $96.18 at 7:21am ET on 13 November 2026, after Brent settled up more than 3% Thursday when President Trump posted "We don't need a deal with Iran", per CNBC. December gold is +0.34% at $3,898.70, silver -0.21% at $49.96 and copper -0.64%. DXY is +0.09% at 103.27. VIX is 18.20, down 2.68%.
US economic calendar today (ET)
- 8:30am: October producer price index. Economists polled by Dow Jones expect +0.4% on the month and +6.6% from a year earlier, per CNBC.
What to watch
- The S&P 500 is on pace for a 2.9% weekly gain and the Nasdaq 3.2%, their best weeks since early August, per CNBC. The S&P 500 closed Thursday at 7,592.40.
- Next week: Nvidia results, PANW.US on 18 November and October retail sales on 17 November.
- The 10-year yield sits above 5.10% with a December hike fully priced, and Thursday's Russell 2000 close of 2,799.06 followed a 1.66% drop.
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