US Stocks Advance as Renewed AI Optimism Boosts Wall Street — US Market Wrap
A rise in IT titans buoyed stocks on speculation that the artificial-intelligence trade that has propelled the bull market has more room to run. The return of AI bets boosted the Nasdaq 100 by 2.3%, putting the index on track for its biggest week since May. The S&P 500 gained 1.3%, while Nvidia Corp. increased. CoreWeave Inc. surged 25% on a positive outlook. More proof of demand came from OpenAI, whose quarterly revenue exceeded $10 billion, while Anthropic's IPO was reportedly oversubscribed. European stocks reached all-time highs. While cash trading in Treasuries was delayed for Veterans' Day, futures slipped lower as the latest inflation report solidified bets on Federal Reserve rate rises. The dollar reached its best since May 2025. Oil prices climbed as traders considered contradictory signals about the possibilities for an end to the Iran war.
A rise in IT titans buoyed stocks on speculation that the artificial-intelligence trade that has propelled the bull market has more room to run. The return of AI bets boosted the Nasdaq 100 by 2.3%, putting the index on track for its biggest week since May. The S&P 500 gained 1.3%, while Nvidia Corp. increased.
CoreWeave Inc. surged 25% on a positive outlook. More proof of demand came from OpenAI, whose quarterly revenue exceeded $10 billion, while Anthropic's IPO was reportedly oversubscribed. European stocks reached all-time highs.
While cash trading in Treasuries was delayed for Veterans' Day, futures slipped lower as the latest inflation report solidified bets on Federal Reserve rate rises. The dollar reached its best since May 2025. Oil prices climbed as traders considered contradictory signals about the possibilities for an end to the Iran war.