Reuters says US stocks closed higher on Wednesday. The Dow rose 254.60 points to 52,486.49. The S&P 500 gained 1.31 percent and the Nasdaq gained 1.60 percent.
US stocks closed higher on Wednesday. Reuters says the Dow Jones Industrial Average rose 254.60 points, or 0.49 percent, to 52,486.49. The S&P 500 gained 98.45 points, or 1.31 percent, to 7,619.38. The Nasdaq composite gained 400.31 points, or 1.60 percent, to 25,466.19.
The Dow rose 254.60 points, or 0.49 percent, to 52,486.49. Reuters ties the rebound to CoreWeave's earnings. It says CoreWeave shares surged 24.7 percent, their biggest daily jump in more than three months, and closed at the highest level in two weeks. The company said it would become profitable in the first half of 2028 on an adjusted basis. Nebius rose 15.4 percent and Applied Digital rose 7.4 percent.
Chip stocks led the gain. Reuters says the Philadelphia semiconductor index jumped 5.7 percent and closed at its highest since November 3, with every component higher. The S&P 500 technology index rose 2.7 percent, the best of the 11 major sectors. The Cboe Volatility Index fell for a fourth straight session to 17.49, a one-week low. The US bond market was closed for Veterans Day.
Reuters says Nvidia rose after two straight sessions of sharp declines. It also says traders are fully pricing a Federal Reserve rate increase of at least 25 basis points next month, with a 10.4 percent chance of a 50-basis-point move, according to CME FedWatch. The S&P 500 posted 17 new 52-week highs and no new lows. The Nasdaq recorded 77 new highs and 159 new lows.
Advancing issues outnumbered decliners by 1.48 to 1 on the New York Stock Exchange and by 1.77 to 1 on the Nasdaq. Volume was 14.74 billion shares, below the 18.68 billion average of the last 20 full sessions.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
TSMC says its board approved third-quarter results with consolidated revenue of NT$1,494.24 billion, net income of NT$763.06 billion, and diluted earnings per share of NT$29.43.
The Dow has fallen 157.86 points to 52,231.89, with the S&P 500 at 7,520.93 and Brent settled at $91.49.
The Bureau of Labor Statistics said consumer prices rose 0.4% in October and did not publish a 12-month rate.
and said The S&P 500 rose 2.35% on Monday to 7,549.94, its best day since April 8, as oil prices fell.
Apple sold seven series of senior notes on November 9 that add up to $7.5 billion. The longest is $2 billion at 5.350 percent, due in 2036. The filing does not say what the money is for.
