newsmetry
rusign inget started
macro

Wall Street closes higher as CoreWeave report calms AI spending fears

The S&P 500 and Nasdaq each gained more than 1% after CoreWeave's earnings, while Nvidia recovered from two sharp sessions of losses. Source: Reuters.

published on Newsmetry
original source published

the same feed is available to bots and dashboards through the api. connect the api →

Newsmetry newsroom

what happened

US stocks closed higher on Wednesday. The S&P 500 rose 1.29% to 7,617.84 points, the Nasdaq Composite gained 1.59% to 25,464.57, and the Dow Jones Industrial Average edged up 0.47% to 52,476.92, according to preliminary data reported by Reuters.

The rally was supported by results from CoreWeave, a provider of cloud infrastructure for AI. The company said it expects to become profitable on an adjusted basis in the first half of 2028. Its shares jumped more than 20%, reaching their highest intraday level in nearly two weeks, while Nebius Group and Applied Digital also rose sharply.

Nvidia recovered after two sessions of heavy losses that erased about $430 billion in market value. Investors had worried about CEO Jensen Huang's ties to a businesswoman accused of spying for China. The Philadelphia SE Semiconductor index climbed to a one-week high.

why it matters

Interest rates remain the main risk for the market. Hot inflation data has nearly locked in expectations of a Fed rate hike of at least 25 basis points at its next meeting, and Treasury yields have risen. Higher yields weigh on expensive growth stocks, so investors are caught between hopes for AI and worries about tighter monetary policy.

market impact

US stocks and tech sector: CoreWeave report eased pressure on AI shares, but Fed rate hike bets cap gains

  • S&P 500 pressure up — easing concerns about AI spending lifted the broad market
  • Nvidia pressure up — shares rebounded after two sessions of losses as the sector steadied

tags

StockUnited States

instruments

S&P 500 ↗Nasdaq CompositeNvidia ↗CoreWeaveDow JonesTreasury yields

on polymarket

Will S&P 500 (SPX) hit $5,800 (LOW) in December?3.7%Will S&P 500 (SPX) hit $6,200 (LOW) in December?5.2%Will the S&P 500 have the best performance in 2026?89%

sources

  1. Stocks climb as CoreWeave results ease AI spending concerns — Reuters, 11 November 2026 at 19:46 UTC
  2. Stocks end higher as CoreWeave results ease AI spending worries — Reuters, 11 November 2026 at 21:00 UTC
  3. Stocks end higher as CoreWeave results ease AI spending worries — Reuters, 11 November 2026 at 21:25 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

alerts on your topics, the morning digest and the api — in your account.

get stories in real time ↗

related stories