U.S. equity futures hover near yesterday’s close after the S&P 500 shed 1.8 %. Bitcoin trades above $110,000 for the first time. Snowflake climbs for a second session after the data warehouse group sold $2.5 billion in notes at the tight end of guidance.
The 10-year Treasury yield holds at 4.63 %. West Texas Intermediate crude slips to $66.40 a barrel. Spot gold retreats to $2,640.
Bitcoin’s overnight jump lifts crypto exposed equities. MARA Holdings rises 1.9 % in pre market trade.
Snowflake reports adjusted earnings of $0.24 a share on revenue of $1.04 billion, up 26 % from the prior year. Both metrics exceed the Visible Alpha consensus. Management projects full year product revenue of $4.33 billion – topping the Street’s $4.29 billion estimate.
AT&T agrees to purchase fiber provider Frontier in an all cash deal valued at $9.3 billion. The transaction adds one million fiber subscribers and extends the carrier’s footprint to four million locations across eleven states. AT&T targets a first half 2026 close. The stock shows no clear direction before the open.
CoreWeave posts revenue of $1.92 billion in its debut quarterly report, up from $228 million a year earlier. The cloud computing specialist narrows its net loss to $168 million from $314 million.