KGWV · U.S. MARKET INTELLIGENCE
U.S. stocks finished mixed on Aug. 12, as mild consumer-price data boosted expectations for interest-rate cuts and AI-related stocks led gains in the technology sector. The S&P 500 rose 20.30 points, or 0.26%, to 7,748.50. The Dow Jones Industrial Average fell…
CoreWeave warned investors that changing its current reliance exclusively on Nvidia artificial-intelligence chips could require significant time and investment. In a filing on Wednesday, CoreWeave said changes in customer demand could require the company to in…
AI cloud-services provider CoreWeave (NASDAQ: CRWV) reported second-quarter results that exceeded expectations. Its shares surged nearly 20% in premarket trading and were up 17.84% at $106.43 as of the morning in Eastern time. Revenue reached $2.5 billion, dou…
India’s consumer price index rose 4.45% year over year in July, up from 4.38% in June and marking a ninth consecutive monthly increase. The data further strengthened market expectations that the Reserve Bank of India will raise interest rates later this year.…
U.S. stock futures were mixed in early Asia-Pacific trading on Thursday. Dow Jones futures rose 0.02%, S&P 500 futures opened flat, and Nasdaq-100 futures fell 0.10%.
U.S. Treasury yields finished mixed Wednesday, with the yield curve steepening. Mild July CPI data prompted traders to slightly reduce their bets that the Federal Reserve will raise interest rates more than once over the coming months. Meanwhile, the Treasury’…
Cerebras Systems Inc. fell in after-hours trading after the chipmaker reported a decline in hardware revenue, suggesting the recently public company is making slow progress selling computers based on its new chip designs. The company said Wednesday that hardwa…
The Federal Reserve is expected to continue Treasury-bill purchases when it announces its latest reserve-management purchase plan on Thursday. With liquidity expected to decline over the coming months, policymakers want to use the purchases to bolster reserves…
U.S. Commerce Secretary Lutnick said an announcement concerning Apple's Mac mini factory in Texas would be made the next day.
The S&P 500 closed near a record high, led by technology stocks, after moderate inflation data eased concerns about higher interest rates. The S&P 500 rose 0.3%, while the Nasdaq-100 gained 0.7%, reversing losses from earlier in the week. The Cboe Volatility I…