PomegraS&P 500 Rises 1.3% as CoreWeave Earnings Lift AI Stocks
Why is the stock market up today?
S&P 500 (^GSPC) rose 1.3% to 7,619 on Wednesday after CoreWeave's earnings eased worries about AI spending and lifted chip stocks following Tuesday's inflation-driven dip.
Key numbers
| S&P 500 | 7,619.38+1.31% |
|---|---|
| Nasdaq Composite | 25,466.19+1.60% |
| Dow Jones Industrial Average | 52,486.49+254.60 pts (+0.49%) |
| 10-year Treasury yield (Tuesday close) | 4.992%+13 bps on Tuesday |
| CoreWeave (CRWV) shares | +24.7%Best day in over 3 months |
| Odds of 50 bps Fed hike in December | 10.4%At least 25 bps priced in |
What happened
S&P 500 (^GSPC) rose 1.3% to 7,619 on Wednesday after CoreWeave's earnings eased worries about AI spending and lifted chip stocks following Tuesday's inflation-driven dip. The Nasdaq Composite gained 1.6% and the Dow Jones Industrial Average added about 255 points. CoreWeave, which rents out AI computer chips over the internet, jumped 24.7% after its results eased worries about paying for AI data centers. Tuesday's 0.38% dip followed a hotter-than-expected inflation report, which pushed the 10-year Treasury yield, the rate on U.S. government borrowing, to about 5%.
Why it matters
The S&P 500 is the main yardstick for U.S. stocks, and it has now recovered most of last week's AI-driven sell-off. The rebound does not remove the pressure from prices. Hotter inflation has made a December interest-rate hike by the Federal Reserve (the U.S. central bank) widely expected, and borrowing costs near 5% can weigh on stock prices and loans. Chip stocks led the gains, with the Philadelphia semiconductor index up 5.7%.
Who this affects
- MarketbullishMedium impact
- Stock investors regain most of last week's AI-driven losses.
- CompanybullishHigh impact
- CoreWeave shareholders gain as the stock jumps 24.7%.
- CompetitorsbullishMedium impact
- AI infrastructure rivals like Nebius rise 15.4% in sympathy.
- IndustrymixedMedium impact
- Chip makers rally, but rate-hike fears still hang over tech.
S&P 500 vs Nasdaq Composite, Dow Jones, Russell 2000
| S&P 500^GSPC | 7,619.38 | +1.3% | +11.3% |
|---|---|---|---|
| Nasdaq Composite^IXIC | 25,466.19 | +1.6% | +9.6% |
| Dow Jones Industrial Average^DJI | 52,486.49 | +0.5% | +9.2% |
| Russell 2000^RUT | 2,846.26 | +0.9% | +14.7% |
As of 2026-11-11
How we got here
October consumer prices rise 0.4%, above the 0.3% expected; 10-year yield briefly tops 5%.
S&P 500 falls 0.38% to 7,520.93; Nasdaq drops 0.74%.
CoreWeave jumps 24.7% after its results; semiconductor index rises 5.7%.
S&P 500 rises 1.31% to 7,619.38; US bond market closed for Veterans Day.
What to watch
- Whether the Fed raises rates by 25 or 50 basis points; markets give 50 a 10.4% chance.2026-12
- How the 10-year Treasury yield trades near 5% when the bond market reopens.2026-11-12
- Whether Nvidia keeps recovering after losing about $430B in market value over two sessions.2026-11-12
Educational content only. Not investment advice.
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