Economic TimesLean R·
US stocks: S&P, Nasdaq end over 1% higher as AI-fueled optimism weighs
The S&P 500 and the tech-heavy Nasdaq rose more than 1% on Wednesday after strong earnings from neocloud company CoreWeave eased concerns about excessive spending on artificial intelligence infrastructure. Nvidia also recovered some ground following a sharp two-session sell-off.The S&P 500 gained 96.91 points, or 1.29%, to end at 7,617.84 points, while the Nasdaq Composite gained 398.70 points, or 1.59%, to 25,464.57. The Dow Jones Industrial Average rose 245.03 points, or 0.47%, to 52,…
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