The PrimeFlow Desk · Wednesday, November 11, 2026 · Midday Edition
The bond market took Veterans Day off. The stock market didn’t, and by noon the Nasdaq was up 2.0%. Most of the push came from one report. CoreWeave, a company that rents out computing power for artificial intelligence, said after Tuesday’s close that its third-quarter revenue reached $3.66 billion, up from $1.37 billion a year earlier.
Where the market stood at midday on Wednesday, November 11, 2026
- S&P 500: 7,623.05, up 1.36%
- Dow: 52,326.07, up 0.18%
- Nasdaq: 25,562.62, up 1.98%
- Chip-stock index (PHLX Semiconductor): 10,700.79, up 7.03%
- 10-year Treasury yield: 4.98% (Tuesday’s close; the bond market is closed for Veterans Day)
- Brent crude oil: $93.80 a barrel, up 2.52%
Changes are against Tuesday’s close.
Stocks opened well above Tuesday’s close and kept climbing through the morning. The Dow barely moved; the gains sat in chip and computing stocks. When the first print of the day lands that far above the last one, traders call it a gap up, and our plain guide explains what a gap up is and how to read one.
What CoreWeave reported
CoreWeave, a company that rents out computing power for artificial intelligence, said after Tuesday’s close that its third-quarter revenue reached $3.66 billion, up from $1.37 billion a year earlier.
CoreWeave also raised its revenue forecast for 2026 to $13.0 billion to $13.3 billion. It expects about $9 billion in customer prepayments and deposits over the next three months.
Those prepayments are the part I’d underline. The companies renting this computing power are handing over cash up front, not just signing contracts. Chip and memory makers rallied with it, and the chip-stock index was up 7.0% by midday.
Why the bond market’s day off matters
On Tuesday, October’s consumer prices came in above forecast, and the bond market took that report harder than stocks did: the 10-year yield closed at 4.98%, up from 4.86% on Monday. With the bond market shut today, that number hasn’t moved since.
My view
I’d treat this as a strong day, not a verdict. On Tuesday I said the bond market was the one to watch, and it hasn’t had its say yet. It reopens Thursday morning.
What it means for you
The 10-year Treasury yield, the rate that steers mortgage quotes, is still sitting at Tuesday’s 4.98%. If you’re shopping for a mortgage or a CD, Thursday’s reopening and Friday’s 8:30 report on producer prices will tell you more than today’s rally.
Wednesday’s bounce was set at the opening bell. The 40 Minutes That Matter is what our desk teaches every new trader first: a workshop and two one-page cheat sheets, The Level Map and The Session Clock. It normally sells for $49. You can have it for one payment of $7.
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Also on the Desk
Oil climbed. Brent crude was at $93.80 a barrel at midday, up 2.5% from Tuesday’s settle.
Gold slipped again. Gold futures were down 0.6% at $4,007.20 an ounce.
Two more reads on AI spending land Thursday. Cisco and Applied Materials both report after the close.
On the calendar (Eastern time)
- Thursday, Nov 12: the bond market reopens
- Thursday, Nov 12, after the close: Cisco and Applied Materials report
- Friday, Nov 13, 8:30 AM: October producer prices (Labor Department)
From the trade log
As of 11 November 2026, the public log stands at 530 closed alerts: 509 wins, 17 losses and 4 breakeven. That’s a 96.8% win rate. See every closed alert on the log →
Trade well,
Christopher
Editor, PrimeFlow Trades
PrimeFlow Trades publishes market commentary and trade alerts for education. Nothing here is personal investment advice. Trading stocks involves risk, including the loss of money. Past results, including those on our public trade log, do not guarantee future results.
