Business & Finance
US Equity Futures Rise as AI Enthusiasm Counters Hot Inflation
Key Points
US Equity Futures Rise as AI Enthusiasm Counters Hot Inflation US stock futures are rising Wednesday as better-than-expected results from Coreweave Inc., anticipation of Anthropic PBC’s initial public offering and a blockbuster quarter for OpenAI are reviving the AI trade. The market recovery comes even after oil halted a two-day decline and despite renewed concerns about inflation. Hotter-than-anticipated consumer price data sent Treasury yields surging Tuesday, fueling bets on more...
US Equity Futures Rise as AI Enthusiasm Counters Hot Inflation
US stock futures are rising Wednesday as better-than-expected results from Coreweave Inc., anticipation of Anthropic PBC’s initial public offering and a blockbuster quarter for OpenAI are reviving the AI trade.
The market recovery comes even after oil halted a two-day decline and despite renewed concerns about inflation. Hotter-than-anticipated consumer price data sent Treasury yields surging Tuesday, fueling bets on more interest rate hikes by the Federal Reserve. The US Treasury market is closed Wednesday in observance of Veteran’s Day.