Good morning. Stocks rallied on Wednesday after CoreWeave’s (CRWV) better-than-expected quarterly results reignited the AI trade, sending the Tech (XLK) sector higher.
Shares of AI chip heavyweight Nvidia (NVDA) rebounded 2%, on pace to snap back-to-back losses. Nvidia has faced heightened scrutiny since CEO Jensen Huang disclosed an affair with a woman US officials reportedly suspect of having ties to Chinese intelligence.
Treasury yield (^TNX) rose to hover near 4.99% after Tuesday’s hotter-than-expected October inflation reading, strengthening expectations for a rate hike next month. Meanwhile, Brent crude oil futures (BZ=F) rose to $92 per barrel, while WTI (CL=F) also jumped to around $87 per barrel.
Read more: How soaring Treasury yields could hit your finances
Here’s a check of the markets this morning, based on a heat map powered by Yahoo Finance AlphaSpace data.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Nebius (NBIS), Broadcom (AVGO), and Micron (MU).
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