U.S. stock futures are little changed after indexes tumbled yesterday; bitcoin surges above $110,000 for the first time; Snowflake (SNOW) shares are surging in premarket trading after the cloud software provider issued a rosy full-year revenue forecast; AT&T (T) agrees to buy Lumen Technologies' (LUMN) Mass Markets fiber internet connectivity business for $5.75 billion; and CoreWeave (CRWV) shares are continuing to climb after soaring Wednesday on an upsized debt offering. Here's what invest💦ors need to know today.
1. US Stock Futures Little Changed Aft♛er Indexes Tumbled Wednesday
U.S. stock futures are little changed after 澳洲幸运5官方开奖结果体彩网:indexes sold off yesterday as bond yields soared on deficit concerns. Investors are watching Washington after the House of Representatives passed President Donald Trump's 澳洲幸运5官方开奖结果体彩网:"One Big Beautiful Bill" that sets tax and budgeting policy. Nasdaq futures are 0.2% higher after the tech-heavy index fell 1.6% in the prior session. 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are 0.2% lower after the blue-chip index shed 800 points yesterday. 澳洲幸运5官方开奖结果体彩网:S&P 500 futures are little changed. The 10-year Treasury yield is littl💮e changed at over 4.6%. Oilཧ and gold futures are lower.
2. Bitcoin Surges Above $110,000 for First Time
Bitcoin (BTCUSD) has surged over the 澳洲幸运5官方开奖结果体彩网:$110,000 level for the first time amid 澳洲幸运꧑5官方开奖结果体彩网:growing acceptan🎃ce of the cryptocurrency by the federal government and financial institutions. The Senate on Monday voted to advance a bill that establishes a regulatory framework for stablecoins, and JPMorgan Chase CEO Jamie Dimon, a longtime crypto skeptic, said the bank would 澳洲幸运5官方开奖结果体彩网:allow clients to buy bitcoin. Crypto-related firms' shares are advancing in premarket trading, with MARA Holdings (MARA) up around 4%, Riot Platforms (RIOT) 3%, Coinbase Global (COIN) 2.5%, and Strategy (MSTR) nearly 2%.
3. Snowflake Stock Soars on St🌊rong Product Revenue Outlook
Snowflake (SNOW) shares are surging 10% in premarket trading after the cloud software provider 澳洲幸运5官方开奖结果体彩网:posted first-quarter results that beat analysts’ expectations and issued a rosy full-year product revenue outlook. The firm posted adjusted earnings per share of $0.24 on revenue that jumped 26% year-over-year to $1.04 billion, both above Visible Alpha consensus. Snowflake forecast full-year product revenue of $4.33 billion, surpassing the $4.29 billion called for by Wall Street.
4. AT&T Buys Lumen Technologies' Fiber Internet Business for $5.75B
AT&T (T) 澳洲幸运5官方开奖结果体彩网:agreed to buy Lumen Technologies' (LUMN) Mass Markets fiber internet connectivity business for $5.75 billion in cash, sending shares of Lumen 12% higher in premarket trading. AT&T said acquiring the business would expand its high-speed fiber internet network and give it around 1 million additional fiber customers with a reach of more than 4 million fiber locations across 11 U.S. states. AT&T said it expects t♊he deal to close in the first half of 2026. Its shares are lit🔯tle changed before the bell.
5. CoreWeave Sꦜtock Rises Further After Jumping on Upsized Debt Offering
CoreWeave (CRWV) shares are continuing to climb in premarket trading after soaring 19% Wednesday after the Nvidia (NVDA)-backed cloud computing company 澳洲幸运5官方开奖结果体彩网:announced an upsi🅰zed $2 billion debt offering. CoreWeave said it intends to use proceeds from the offering to repay existing debt, among other corporate purposes. Last week, the firm posted first-quarter revenue that grew 澳洲幸运5官方开奖结果体彩网:more than 400% year-over-year in its first report since its 澳洲幸运5官方开奖结果体彩网:initial public offering. CoreWeave shares are rising a further 4.5% before the ꦅbell.