Pre-Bell｜U.S. Futures Rise; Tesla Gains 1%; Oracle and NIO Rally 2%; CoreWeave and Alibaba Jump 3%; Opendoor Soars 36%

U.S. stock futures rose on Thursday as investors preferred to stay on the sidelines ahead of crucial inflation numbers that are likely to influence the Federal Reserve's monetary policy path.

A reading of consumer prices is due at 8:30 a.m. ET, with inflation expected to have picked up in August. Last month's producer inflation numbers, released on Wednesday, fell unexpectedly, boosting expectations of interest-rate cuts from the Fed at its meeting next week.

Market Snapshot

At 7:40 a.m. ET, Dow e-minis were up 43 points, or 0.18%, S&P 500 e-minis were up 13.5 points, or 0.21%, and Nasdaq 100 e-minis were up 69 points, or 0.29%.

Pre-Market Movers

Opendoor - Opendoor Technologies soared 36% after the online housing platform tapped Kaz Nejatian,Shopify’s chief operating officer, as CEO. Nejatian’s appointment followsOpendoor’souster of its former chief executive in August due to pressure from retail investors. Opendoor also said it emphasizing AI and bringing the company’s founders back to its board.

Oracle - Oracle was rising 1.9% in premarket trading, a day after shares of the database-software company gained 36%to hit a record high of $328.33. The moved followed the disclosure that Oracle’s contracted backlog rose to $455 billion in its fiscal first quarter, up from just $138 billion in the fourth quarter, and up 359% from a year earlier. The significant jump indicated the surging demand for renting artificial-intelligence servers in the cloud. Oracle finished Wednesday with a market capitalization of $933.02 billion, making it the 10th-largest U.S. company by value, according to Dow Jones Market Data.

The Wall Street Journal, meanwhile, reported that a chunk of Oracle’s backlog total was from OpenAI, the maker of ChatGPT, which signed a contract with Oracle to purchase $300 billion in computing power over roughly five years.

Tesla - Tesla stock rose 1.1% in premarket trading. It’s the most expensive, and heavily shorted, stock among the Magnificent Seven.

CoreWeave - CoreWeave shares gained another 3% in premarket trading. The shares surged about 17% on Wednesday alongside other AI-related names after Oracle issued bullish cloud infrastructure guidance with its Q1 earnings report. 

Alibaba - Chinese e-commerce leader Alibaba said on Thursday it plans to raise $3.2 billion through the sale of a zero-coupon convertible bond to fund international expansion and strengthen cloud computing. The shares gained 2.7% in premarket trading.

NIO - US-listed shares of NIO rallied 1.8% in premarket trading. The shares sank almost 9% on Wednesday as the EV maker raised about $1 billion through a share sale.

Wolfspeed - Wolfspeed has launched a 200mm silicon carbide material portfolio just days after a court approved its restructuring process. Shares jumped 8.2% in premarket trading.

Quantum Corporation - Quantum Corporation tumbled 13.4% in premarket trading. Revenue declined to $64.3 million from $72.3 million in the same quarter last year. Gross margin also slipped to 35.3%, down from 37.4%, indicating pressure on profitability. The company reported a GAAP net loss of $17.2 million, or $1.87 per share, compared to a $19.9 million loss a year earlier.

Klarna - Klarna Group made its stock market debut Wednesday at $52 and closed the session at $45.82, up 15% from its initial public offering price of $40. The Swedish buy-now, pay-later service provider raised$1.37 billionfrom the sale. Based on its closing price Wednesday, Klarna’s valuation is $17.4 billion. Shares fell 1.7% in premarket trading Thursday.

Synopsys - Shares of Synopsys, the electronic design automation company, were up 4.5% in the premarket session after they sank 36%—the stock’s largest percentage daily decrease on record—on Wednesday followingfiscal third-quarter earningsand revenue that missed analysts’ estimates. A revenue decline of 8% at the company’s semiconductor intellectual property business drove underperformance in the quarter, according to CEO Sassine Ghazi.

Oxford - Oxford Industries, the owner of brands such as Tommy Bahama and Lilly Pulitzer, jumped 17% after beating second-quarter earnings estimates and backing its fiscal-year adjusted profit guidance. Oxford said it expects to incur about $80 million of tariff costs over the fiscal year but estimated it has been able to mitigate roughly half of the exposure through actions such as shifting its sourcing.

Adobe - Adobe was up 2% in premarket trading ahead of fiscal third-quarter earnings from the creative software company. Analysts expect Adobe to post adjusted earnings of $5.18 a share on revenue of $5.9 billion, an increase of 9.2% from a year earlier. Adobe’s report is scheduled to be released after the stock market closes.

Crypto Stocks - Crypto stocks jumped in premarket trading. BIT Mining rose 24%; Sharps Technology rose 20%; Bitcoin Depot rose 14%; Bitfarms rose 11%; BitMine rose 4%; Circle rose 2%.

BIT Mining has announced the purchase of 17,221 SOL, expanding its Solana treasury to 44,412 SOL, valued at approximately $9.95 million as of September 10, 2025.

Sharps Technology announced Wednesday a strategic partnership with Web3 brand Pudgy Penguins to expand exposure in the Solana digital asset treasury space.

Market News

Conservative Influencer Charlie Kirk Shot Dead, Manhunt on for Suspect

U.S. conservative activist Charlie Kirk, an influential ally of President Donald Trump, was fatally shot on Wednesday while speaking at a Utah university, sparking a manhunt for a lone sniper who the governor said had carried out a political assassination.

Authorities said they still had no suspect in custody as of Wednesday night, some eight hours after the midday shooting at Utah Valley University campus in Orem, Utah, during an event attended by 3,000 people.

The lone perpetrator suspected of firing the single gunshot that killed Kirk, 31, apparently from a distant rooftop sniper's nest on campus, remained "at large," said Beau Mason, commissioner of the Utah Department of Public Safety, at a news conference four hours later.

Alibaba to Raise $3.2 Billion Via Convertible Bond to Fund Cloud Growth

Chinese e-commerce leader Alibaba said on Thursday it plans to raise $3.2 billion through the sale of a zero-coupon convertible bond to fund international expansion and strengthen cloud computing.

The bond will be the largest of its kind this year, showed Dealogic data, eclipsing DoorDash's $2.75 billion deal in May.

Alibaba said it would use nearly 80% of the proceeds to expand data centres, upgrade technology and improve services to meet demand for cloud computing solutions.

Opendoor Names New CEO, Co-Founders Rejoin Board

Kaz Nejatian, former chief operating officer of Shopify, appointed as chief executive officer and board member of Opendoor Technologies.

Co-founders Keith Rabois and Eric Wu return to Opendoor’s board of directors, with Rabois named chairman.

Khosla Ventures and Eric Wu are investing $40 million in Opendoor through a private equity placement.

Proceeds will support continued business investment and growth.