Stocks Rise as Earnings Optimism Offsets AI Volatility and Oil Slips - US Market Wrap
Wall Street stocks rose as investors looked beyond renewed technology-sector volatility, supported by optimism over corporate earnings and falling oil prices. More than 400 companies in the S&P 500 advanced, although semiconductor shares declined amid questions about the sustainability of the AI boom. Anthropic could spend $750 billion on additional computing capacity in the coming years, according to a Wall Street Journal report, while SpaceX reported better-than-expected revenue after the market closed. Brent crude settled below $109 a barrel as diplomatic efforts to reach an agreement between the US and Iran continued, despite inaccurate reports suggesting a deal was imminent. Longer-dated US Treasuries outperformed, while investors awaited a series of major technology earnings reports to assess whether returns from AI investment can justify the industry's enormous spending. Meanwhile, CoreWeave shares rebounded on Tuesday after recent turbulence, though the company remains under pressure from concerns about its substantial borrowing. Its bonds have recently fallen to distressed levels, highlighting growing investor scrutiny of the financing risks associated with the AI infrastr
Wall Street stocks rose as investors looked beyond renewed technology-sector volatility, supported by optimism over corporate earnings and falling oil prices. More than 400 companies in the S&P 500 advanced, although semiconductor shares declined amid questions about the sustainability of the AI boom. Anthropic could spend $750 billion on additional computing capacity in the coming years, according to a Wall Street Journal report, while SpaceX reported better-than-expected revenue after the market closed.
Brent crude settled below $109 a barrel as diplomatic efforts to reach an agreement between the US and Iran continued, despite inaccurate reports suggesting a deal was imminent. Longer-dated US Treasuries outperformed, while investors awaited a series of major technology earnings reports to assess whether returns from AI investment can justify the industry's enormous spending. Meanwhile, CoreWeave shares rebounded on Tuesday after recent turbulence, though the company remains under pressure from concerns about its substantial borrowing.
Its bonds have recently fallen to distressed levels, highlighting growing investor scrutiny of the financing risks associated with the AI infrastructure boom.