Dow, S&P 500, Nasdaq Trade Mixed Ahead of Key Inflation Data

Image source: Lummi

US stock futures were little changed on Tuesday morning as investors awaited a key inflation report that could sway the Federal Reserve's interest rate decision next month.

Futures on the Dow Jones Industrial Average (YM=F) rose 0.5%, while those on the S&P 500 (ES=F) advanced 0.2%. Contracts for the Nasdaq-100 (NQ=F) fell below the flatline after stocks rallied on Monday.

Investors will be watching for the release of the Consumer Price Index, which is expected to show cooling inflation. Economists forecast inflation to rise 0.3% from a month earlier and core inflation, which excludes food and energy prices, to tick down to 0.2%.

Nvidia (NVDA) investors continue to reel from the board's investigation into CEO Jensen Huang following reports of his affair with an alleged Chinese spy. Nvidia stock rebounded slightly on Tuesday morning after falling over 4% the day before.

Oil prices are falling, with Brent crude (BZ=F), the international benchmark, and WTI crude (CL=F), the US benchmark, declining by over 2%.

While most of the third-quarter earnings season is in the rearview mirror, Nvidia-backed neocloud CoreWeave (CRWV) and quantum computing stocks Quantum (QBTS) and Rigetti Computing (RGTI) are set to report results after the bell today. Yahoo Finance reports.

🏢 AAON Rockets 22% Premarket After Strong Earnings Beat and Raised Outlook

AAON Inc. (NASDAQ: AAON) reported third-quarter results that exceeded analyst expectations, sending shares soaring about 22% in premarket trading on Tuesday as the HVAC solutions provider raised its full-year outlook.

The company posted adjusted EPS of $0.83, beating the analyst consensus of $0.56 by $0.27. Revenue surged 84.1% YoY to a record $707.4 million, compared to $384.2 million in the prior-year period and above the analyst estimate of $599.7 million.

The strong performance was driven by robust demand for both the AAON and BASX brands, increased manufacturing throughput, and greater utilization of recently expanded production capacity.

AAON raised its 2026 outlook, now projecting net sales growth of 72%–75%, up from its prior guidance of 55%–60%. The midpoint of 73.5% exceeds the company's previous range. Yahoo Finance reports.

🤖 TSMC October Sales Surge Nearly 60% as AI Chip Demand Fuels Growth

On Tuesday, Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) reported a sharp acceleration in October revenue, with sales jumping nearly 60%.

TSMC reported October revenue of 586.89 billion New Taiwan dollars ($17.88 billion), up 59.7% from the same month last year and 14.7% from September.

The growth underscores strong demand for advanced chips as major technology companies continue expanding their AI infrastructure investments. Benzinga reports.

🔌 Why Sanmina Shares Are Trading Higher by Around 19%
Shares of Sanmina Corp. (NASDAQ: SANM) rose sharply in premarket trading after the company reported better-than-expected fourth-quarter financial results and issued FY27 guidance above estimates.

Sanmina reported fourth-quarter revenue of $3.86 billion, compared with $2.10 billion in the year-ago quarter. Revenue exceeded the analyst consensus estimate of $3.48 billion, representing a 10.8% beat.

Sanmina shares jumped 18.8% to $177.77 in premarket trading. Benzinga reports.

🛢️ Oil Falls Below $90 as Trump Downplays Prospect of Escalation with Iran

Oil prices extended losses from the previous session on Tuesday after US President Donald Trump downplayed the need for additional military action against Iran, easing fears of sustained Middle East supply disruptions, with oversupply prospects also in focus.

Brent crude futures were down $2.39, or 2.58%, at $90.18 a barrel by 0930 GMT. US West Texas Intermediate (WTI) futures fell $2.11, or 2.43%, to $84.74.

The Brent benchmark dropped below $90 on Tuesday for the first time since August 31, having settled down 5.85% in the previous session.

Trump said on Monday that he plans to hold off on new military strikes against Iran after appeals from countries in the region, including Qatar's prime minister.

"The market continues to prioritize President Trump's more conciliatory tone toward Iran since the midterms," said Tim Waterer, chief market analyst at KCM Trade. Yahoo Finance reports.

☁️ CoreWeave Has a Sentiment Problem Even Strong Earnings Can't Fix

After a bruising week for artificial intelligence stocks, CoreWeave Inc. (CRWV) faces a high bar to convince Wall Street that the AI trade is alive and well when it reports earnings after the bell.

But the key won't be in the cloud-computing company's third-quarter results. Instead, investors are focused on what management says comes next in light of last week's midterm elections, which showed that many voters oppose building data centers anywhere near their communities. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) SMX: SMX (Security Matters) Public Limited Company
Total gain: +51.12%

2) CISS: C3is Inc.
Total gain: +33.14%

3) SECZ: Securitize Corp.
Total gain: +20.66%

4) RLGT: Radiant Logistics, Inc.
Total gain: +18.93%

5) SANM: Sanmina Corporation
Total gain: +18.75%

The closing price of the top three market percent gainers trading near or above $2 on Nov 9.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) WCT: Wellchange Holdings Company Limited
Total gain: +92.18%

The stock appeared to be moving on no notable news.

2) TANH: Tantech Holdings Ltd
Total gain: +65.72%

The stock appeared to be moving on no notable news.

3) CKX: CKX Lands, Inc.
Total gain: +58.15%

The company announced that JPE and minority co-investors have agreed to invest $1 billion in cash in CKX. The equity investment is expected to consist of $900 million from JPE and $100 million from co-investors led by HRTG Partners, formerly Sequoia Heritage. Upon closing, JPE will hold a majority stake in CKX. GlobeNewswire reports.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

ONON

On Holding

Q3 2026

Before Market Open

Estimate: 0.460

Actual: 0.660

SSMXY

Sysmex

Q2 2026

Before Market Open

Estimate: 0.110

Actual: 0.100

HSAI

Hesai Gr

Q3 2026

Before Market Open

Estimate: 0.080

Actual: 0.010

Time (ET) / Report / Period

• 4:00 AM / Fed speech: Fed governor Christopher Waller in England
• 6:00 AM / NFIB Index of Small Business Optimism / Oct.
• 8:30 AM / CPI / Oct.

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