Wednesday, November 11, 2026 | 3 min read
Top 3 Takeaways
- Hot October inflation makes a December Fed hike look nearly certain.
- CoreWeave's results are lifting tech futures after Nvidia's 5% drop.
- Anthropic set its IPO range at $70 to $78, valuing it at up to $1.4 trillion.
Markets Snapshot
As of about 5:45 AM ET Wed, Nov 11 (bitcoin as of 6:15 AM ET)
| S&P 500 futures | +56 pts | +0.69% |
| Dow futures | -30 pts | -0.06% |
| Nasdaq-100 futures | +471 pts | +1.61% |
| 10-year Treasury (Tue close) | 5.00% | +2 bps |
| Brent crude | $93.25 | +2.01% |
| WTI crude | $87.08 | +1.21% |
| Bitcoin | $73,997 | -0.40% |
Deals & IB
- Anthropic sets its IPO price range at $70 to $78 a share, aiming to raise up to $64.4 billion (Nov 10) Read more
Banks Morgan Stanley and Goldman Sachs (lead bookrunners)
Anthropic makes Claude, the assistant that wrote this brief. - Securitize agrees to buy River One; board approves a $50 million buyback (Nov 10) Read more
Banks not disclosed yet
Why it matters for IB
An IPO range implying up to a $1.4 trillion valuation shows how much demand banks are pricing in; where it lands against the range will signal how strong the IPO window really is.
Macro & Policy
- October consumer prices rose 0.4%, above the 0.3% forecast; core rose 0.3%. Read more
- Markets put about 90% odds on a quarter-point Fed hike on Dec 9, after hawkish comments from Waller and Logan. Read more
- Oil rose about 2% to above $93 Brent on reports of attacks tied to Iran near the Strait of Hormuz; Nikkei +1.31%, Hang Seng -0.98%. Read more
Earnings & Coming Up
- Today: Veterans Day; stocks open, bond market closed. CoreWeave Q3 revenue up 168% to $3.66 billion, stock up 14% premarket. Read more
- Thu Nov 12: jobless claims (8:30 AM); Cisco and Applied Materials after the close.
- Fri Nov 13: producer price index and import prices (8:30 AM).
- Tue Nov 17: Nvidia earnings (call at 5:00 PM).
Finance in a Line
Bookrunner. the lead bank on a stock or bond offering that manages the order book and allocates shares. Why it matters: bookrunner roles drive league table rankings and fees.
“Genius is one percent inspiration and ninety-nine percent perspiration.”
Thomas Edison
Sources: TipRanks, Investing.com, StockTitan, TechCrunch, public prediction market data.