Nov 11 (Reuters) – Wall Street’s main indexes opened higher on Wednesday after neocloud firm CoreWeave’s strong earnings allowed investors to look past fears of excessive AI spending. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 27.13 points, or 0.05%, to 52,259.02, the S&P 500 gained 73.02 points, or 0.97%, to 7,593.95, while the Nasdaq […]
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Wall St opens higher as CoreWeave lifts AI trade
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Nov 11 (Reuters) – Wall Street’s main indexes opened higher on Wednesday after neocloud firm CoreWeave’s strong earnings allowed investors to look past fears of excessive AI spending.
At 09:30 a.m. ET, the Dow Jones Industrial Average rose 27.13 points, or 0.05%, to 52,259.02, the S&P 500 gained 73.02 points, or 0.97%, to 7,593.95, while the Nasdaq Composite gained 385.17 points, or 1.54%, to 25,451.05 at the opening bell.
(Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Pooja Desai)