U.S. markets climbed Wednesday as AI-related stocks rebounded, with the S&P 500 up 1% and the Nasdaq Composite up 1.5%.
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A rebound in AI-related stocks helped lift Wall Street on Wednesday, with the S&P 500 rising 1% and moving toward a third gain in four days after last week’s market drop tied to worries about a potential slowdown in building AI data centres.
The Dow Jones Industrial Average gained 96 points, while the Nasdaq Composite rallied 1.5% as investors reacted to results from CoreWeave. The cloud company helped drive the gains after reporting stronger summer results than analysts expected.
CoreWeave, which has been at the centre of recent volatility in the AI sector, jumped more than 15% before the market opened following the company’s better-than-expected third-quarter revenue and a boost to its 2026 revenue outlook.
Nvidia, a key weight in the S&P 500, was also a focus for investors. After being under pressure earlier this week, shares were up 3.7% in early trading Wednesday and were still down almost 10% for the week.
Oil prices rose despite the U.S. bond market being closed for a holiday. Brent crude increased 1.9% to $93.22 a barrel, while U.S. benchmark crude gained 1.2% to $87.05 per barrel.
Across Europe, Germany’s DAX rose 0.7% to 26,531.66 and France’s CAC 40 climbed 0.3% to 8,302.23. Britain’s FTSE 100 added 0.4% to 10,797.68, while Asian markets were mostly higher.
In currency trading, the U.S. dollar rose to 159.15 Japanese yen from 158.70, and the euro fell to $1.1133 from $1.1171.
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