Stocks Rise as CoreWeave Earnings Ease AI-Boom Concerns
U.S. stocks rose after CoreWeave’s earnings update eased concerns about the sustainability of the AI boom, at least temporarily. The Treasury market was closed for Veterans’ Day.
Story updates
10:01:22 PM UTC
SquawkNews
By Rob CurranU.S. stocks rose after CoreWeave's earnings update quelled worries that artificial-intelligence profits would not come soon enough to cover infrastructure debt burdens.The Dow Jones Industrial Average rose 254.60 points, or 0.49%, to 52486.49. The broad S&P 500 gained 98.45 points, or…
MARKET WRAPSSTOCKS: Stocks rose as CoreWeave's earnings update quelled concerns about the sustainability of the artificial-intelligence boom, at least temporarily.TREASURYS: The Treasury market was closed in observance of Veterans' Day.FOREX: The U.S. dollar rose to 52-week highs against a basket o…