5 Must-Know Market Movers Before the Opening Bell on August 13, 2025

Wall Street braces for another rollercoaster—here’s what’s fueling the pre-market jitters.

1. Crypto Contagion Spreads

Bitcoin’s 10% overnight drop drags crypto-correlated stocks with it—because nothing unites trad-fi and degens like shared misery.

2. Fed Whispers Get Louder

Rate-cut rumors hit terminal velocity as three Fed officials take to the airwaves today. Spoiler: They’ll say whatever maintains their optionality.

3. AI Earnings Landmines

Nvidia competitors report after close—either beating inflated expectations or getting punished for humanity’s unrealistic AI timelines.

4. Shorts Circle Retail Darlings

Meme stocks surge 30% pre-market on zero news. Again. Because fundamentals are so 2020.

5. Oil’s Geopolitical Premium Vanishes

Crude drops 5% as traders remember most conflicts don’t actually disrupt supply. Until they do.

Buckle up—today’s either a breakout or breakdown, and Wall Street’s algorithms don’t care which as long as they can scalp volatility.

1. US Stock Futures Point Higher Following Fresh Records for Nasdaq, S&P 500

U.S. stock futures are rising after the Nasdaq and S&P 500 closed at record highs yesterday as investors reacted to the latest inflation reading. Nasdaq and S&P 500 futures are 0.2% higher, while Dow Jones Industrial Average futures are up by 0.3% after the blue-chip index neared its first record high since December. Bitcoin (BTCUSD) 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.

2. CoreWeave Stock Sinks as Nvidia-Backed Firm Reports Wider-Than-Expected Loss

CoreWeave (CRWV) shares are lower by 9% in premarket trading after the AI cloud provider reported a wider-than-expected loss. The Nvidia-backed firm 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) in an all-stock deal worth roughly $9 billion. Shares of CoreWeave have more than tripled since the firm's March initial public offering.

3. CAVA Group Stock Dives on Disappointing Same-Restaurant Sales Growth, Outlook Cut

CAVA Group (CAVA) 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.

4. IEA Raises Global Oil Supply Projections

The International Energy Agency once again has lifted its forecasts 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) this year, up by 370,000 b/d from last month's forecast, 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.

5. Perplexity Offers to Buy Google's Chrome for $34.5B, Report Says

AI startup Perplexity is offering to buy Google's Chrome 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, with a federal judge set to decide what steps Google must take after the company was found to have maintained an illegal monopoly in search. Forcing a sale of Chrome could be part of the decision, something the Department of Justice pushed for last year. Shares of Google parent Alphabet (GOOGL) are edging higher in premarket trading.