CoreWeave earnings lift Wall Street indexes at opening bell
Wall Street's main indexes opened higher on Wednesday after neocloud firm CoreWeave's strong earnings eased investor fears about excessive AI spending. The Dow, S&P 500 and Nasdaq all rose at the opening bell.
Wall Street's main indexes opened higher on Wednesday after neocloud firm CoreWeave's strong earnings allowed investors to look past fears of excessive AI spending, according to a report by The Standard.
At 09:30 a.m. ET, the Dow Jones Industrial Average rose 27.13 points, or 0.05 per cent, to 52,259.02. The S&P 500 gained 73.02 points, or 0.97 per cent, to 7,593.95, while the Nasdaq Composite gained 385.17 points, or 1.54 per cent, to 25,451.05 at the opening bell, the report added.
The gains were attributed to CoreWeave's strong earnings report, which helped ease investor concerns over excessive spending on artificial intelligence.