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U.S. stock futures are little changed after indexes tumbled yesterday; bitcoin surges above $110,000 for the first time; Snowflake (SNOW) shares are surging in premarket trading after the cloud software provider issued a rosy full-year revenue forecast; AT&T (T) agrees to buy Lumen Technologies' (LUMN) Mass Markets fiber internet connectivity business for $5.75 billion; and CoreWeave (CRWV) shares are continuing to climb after soaring Wednesday on an upsized debt offering. Here's what investors need to know today.

1. US Stock Futures Little Changed After Indexes Tumbled Wednesday

U.S. stock futures are little changed after indexes sold off yesterday as bond yields soared on deficit concerns. Investors are watching Washington after the House of Representatives passed President Donald Trump's "One Big Beautiful Bill" that sets tax and budgeting policy. Nasdaq futures are 0.2% higher after the tech-heavy index fell 1.6% in the prior session. Dow Jones Industrial Average futures are 0.2% lower after the blue-chip index shed 800 points yesterday. S&P 500 futures are little changed. The 10-year Treasury yield is little changed at over 4.6%. Oil and gold futures are lower.

2. Bitcoin Surges Above $110,000 for First Time

Bitcoin (BTCUSD) has surged over the $110,000 level for the first time amid growing acceptance of the cryptocurrency by the federal government and financial institutions. The Senate on Monday voted to advance a bill that establishes a regulatory framework for stablecoins, and JPMorgan Chase CEO Jamie Dimon, a longtime crypto skeptic, said the bank would allow clients to buy bitcoin. Crypto-related firms' shares are advancing in premarket trading, with MARA Holdings (MARA) up around 4%, Riot Platforms (RIOT) 3%, Coinbase Global (COIN) 2.5%, and Strategy (MSTR) nearly 2%.

3. Snowflake Stock Soars on Strong Product Revenue Outlook

Snowflake (SNOW) shares are surging 10% in premarket trading after the cloud software provider posted first-quarter results that beat analysts’ expectations and issued a rosy full-year product revenue outlook. The firm posted adjusted earnings per share of $0.24 on revenue that jumped 26% year-over-year to $1.04 billion, both above Visible Alpha consensus. Snowflake forecast full-year product revenue of $4.33 billion, surpassing the $4.29 billion called for by Wall Street.

4. AT&T Buys Lumen Technologies' Fiber Internet Business for $5.75B

AT&T (T) agreed to buy Lumen Technologies' (LUMN) Mass Markets fiber internet connectivity business for $5.75 billion in cash, sending shares of Lumen 12% higher in premarket trading. AT&T said acquiring the business would expand its high-speed fiber internet network and give it around 1 million additional fiber customers with a reach of more than 4 million fiber locations across 11 U.S. states. AT&T said it expects the deal to close in the first half of 2026. Its shares are little changed before the bell.