US Futures Rise on Upbeat CoreWeave Results
US stock futures climbed on Wednesday as upbeat results from neocloud provider CoreWeave renewed optimism surrounding the artificial intelligence sector. Nasdaq 100 futures climbed 0.9%, while Dow and S&P 500 futures advanced 0.2% and 0.5%, respectively. In after-hours trading, CoreWeave shares jumped 13% after the company reported quarterly earnings that exceeded expectations and raised its full-year outlook, signaling sustained demand for AI-related services. Sentiment towards the AI sector received an additional boost from reports that Anthropic could begin trading as early as next week, with plans to raise up to $90 billion at a diluted valuation of approximately $1.4 trillion. Meanwhile, major US indexes ended lower on Tuesday, with the Nasdaq Composite falling 0.74% and the S&P 500 declining 0.38%. Equities faced pressure as the latest CPI report cemented expectations for a December Federal Reserve rate hike, with markets now pricing in around a 91% chance of a move next month.
US stock futures climbed on Wednesday as upbeat results from neocloud provider CoreWeave renewed optimism surrounding the artificial intelligence sector. Nasdaq 100 futures climbed 0.9%, while Dow and S&P 500 futures advanced 0.2% and 0.5%, respectively. In after-hours trading, CoreWeave shares jumped 13% after the company reported quarterly earnings that exceeded expectations and raised its full-year outlook, signaling sustained demand for AI-related services.
Sentiment towards the AI sector received an additional boost from reports that Anthropic could begin trading as early as next week, with plans to raise up to $90 billion at a diluted valuation of approximately $1.4 trillion. Meanwhile, major US indexes ended lower on Tuesday, with the Nasdaq Composite falling 0.74% and the S&P 500 declining 0.38%. Equities faced pressure as the latest CPI report cemented expectations for a December Federal Reserve rate hike, with markets now pricing in around a 91% chance of a move next month.