US stocks climb as Anthropic files for IPO; ASX set to open higher

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US stocks rose as investors weighed Anthropic's IPO filing and anticipated major tech earnings, with the S&P 500 up 0.8% and the Nasdaq 1.1% higher. The Australian sharemarket is set to edge up, with futures pointing to a rise of 11 points at the open. Anthropic filed for its long-awaited IPO, planning to trade on the Nasdaq under the symbol ANT, with investors estimating a fair valuation of around $US1.4 trillion to $US1.5 trillion. Nvidia led gains, rising 2.5%, while Meta announced plans to raise $US35 billion for AI investments. Earnings reports from Alphabet, Microsoft, and Amazon are due this week, offering details on AI spending. The Fed is expected to hold interest rates steady on Wednesday, and the 10-year Treasury yield fell to 4.98%.


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US stocks climb as Anthropic files for IPO; ASX set to open higher | News Minimalist