Wall Street rebounds with tech rally as rate hike worries persist

newsit.gr (Greek) —

Wall Street rebounded on Wednesday with a tech-led rally, as AI stocks recovered, though concerns over potential Federal Reserve rate hikes persist following higher-than-expected October inflation data. The Dow Jones rose 0.49% to 52,486.49, the S&P 500 gained 1.31% to 7,619.38, and the Nasdaq climbed 1.60% to 25,466.19. CoreWeave surged 24.7% after reporting smaller losses and raising its revenue forecast, boosting other AI infrastructure firms and semiconductor stocks. The S&P 500 now sits 2.6% below its October record. Bond markets were closed for Veterans Day, while oil prices rose on renewed US-Iran tensions.


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