{"id":65476,"date":"2025-08-13T16:19:08","date_gmt":"2025-08-13T16:19:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/65476\/"},"modified":"2025-08-13T16:19:08","modified_gmt":"2025-08-13T16:19:08","slug":"5-things-to-know-before-the-stock-market-opens-8","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/65476\/","title":{"rendered":"5 Things to Know Before the Stock Market Opens"},"content":{"rendered":"

U.S. stock futures are gaining after the Nasdaq and S&P 500 closed at fresh record highs yesterday following a tame inflation report; CoreWeave (CRWV<\/a>) shares are down sharply in premarket trading after the Nvidia-backed firm reported a wider-than-expected loss; CAVA Group (CAVA<\/a>) shares are plummeting after the fast-casual chain’s same-restaurant sales came in far lower than expected and it cut its outlook; the International Energy Agency raises its global oil supply projections; and Perplexity reportedly offers to buy Google’s Chrome in an unsolicited $34.5 billion bid. Here’s what investors need to know today.\n<\/p>\n

1. US Stock Futures Point Higher Following Fresh Records for Nasdaq, S&P 500 <\/p>\n

U.S. stock futures are rising after the Nasdaq and S&P 500 closed at record highs<\/a> yesterday as investors reacted to the latest inflation reading. Nasdaq<\/a> and S&P 500<\/a> futures are 0.2% higher, while Dow Jones Industrial Average<\/a> futures are up by 0.3% after the blue-chip index neared its first record high since December.\u00a0Bitcoin (BTCUSD<\/a>) is higher, trading at more than $120,000. The yield on the 10-year Treasury note is pointing lower, while oil futures are declining by 0.7%. Gold futures are slightly higher.\n<\/p>\n

2. CoreWeave Stock Sinks as Nvidia-Backed Firm Reports Wider-Than-Expected Loss <\/p>\n

CoreWeave (CRWV<\/a>) shares are lower by 9% in premarket trading after the AI cloud provider reported a wider-than-expected loss. The Nvidia-backed firm<\/a> reported a net loss of 60 cents per share, while analysts polled by Visible Alpha expected a narrower loss of 45 cents per share. The firm reported revenue of $1.21 billion, above expectations. Last month, CoreWeave reached an agreement to acquire longtime data center partner Core Scientific (CORZ<\/a>) in an all-stock deal worth roughly $9 billion<\/a>. Shares of CoreWeave have more than tripled since the firm’s March initial public offering.\n<\/p>\n

3. CAVA Group Stock Dives on Disappointing Same-Restaurant Sales Growth, Outlook Cut <\/p>\n

CAVA Group (CAVA<\/a>) shares are plummeting nearly 25% in premarket trading after the fast-casual restaurant chain posted disappointing same-restaurant sales growth and cut its full-year outlook. CAVA’s same-restaurant sales growth of 2.1% was far below the Visible Alpha consensus of 6.25%, and it cut its full-year outlook for the metric to between 4% and 6% from the prior range of 6% to 8%. CAVA’s second-quarter revenue of $278.2 million also came up short of estimates. Shares entered Wednesday down 25% this year.<\/p>\n

4. IEA Raises Global Oil Supply Projections <\/p>\n

The International Energy Agency<\/a> once again has lifted its forecasts<\/a> for global oil supply this year and next. The IEA on Wednesday said it now sees global oil supply growth of 2.5 million barrels per day (B\/D)<\/a> this year, up by 370,000 b\/d from last month’s forecast<\/a>, and 1.9 million b\/d in 2026, up by 620,000 b\/d. Meanwhile, “the latest data show lacklustre demand across the major economies and, with consumer confidence still depressed, a sharp rebound appears remote,” the IEA wrote.\n<\/p>\n

5. Perplexity Offers to Buy Google’s Chrome for $34.5B, Report Says <\/p>\n

AI startup Perplexity<\/a> is offering to buy Google’s Chrome<\/a> in an unsolicited $34.5 billion bid, according to a report in The Wall Street Journal. The bid would be larger than Perplexity’s estimated value of $18 billion, the report said. The reported offer comes as Google faces uncertainty from an antitrust ruling that could be announced as soon as this week<\/a>, with a federal judge set to decide what steps Google must take after the company was found to have maintained an illegal monopoly<\/a> in search. Forcing a sale of Chrome could be part of the decision, something the Department of Justice pushed for<\/a> last year. Shares of Google parent Alphabet (GOOGL<\/a>)\u00a0are edging higher in premarket trading.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. stock futures are gaining after the Nasdaq and S&P 500 closed at fresh record highs yesterday following…\n","protected":false},"author":2,"featured_media":65477,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":{"0":"post-65476","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/65476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=65476"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/65476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/65477"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=65476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=65476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=65476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}