S&P 500 ends higher as CoreWeave results fuel AI optimism
The S&P 500 and the Nasdaq ended higher, lifted by upbeat quarterly results from CoreWeave and other AI infrastructure firms, while mild inflation data reinforced bets that the Federal Reserve will hold interest rates steady in September.
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Video Summary
AI GeneratedU.S. stocks mostly closed higher on Wednesday, led by the Nasdaq and S&P 500. Strong quarterly earnings from AI-related firms and data center operators eased investor concerns regarding overinvestment. Additionally, cooling consumer price data in July has lowered expectations for a Federal Reserve interest rate hike next month.
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