Dow Jones futures surge as easing geopolitical risks, AI earnings revive market sentiment
Dow Jones futures gain 0.16% to trade around 52,400 during the European hours on Wednesday. Meanwhile, S&P 500 futures advance 0.60% to trade around 7,590 and Nasdaq 100 futures rise 1.45% to trade around 28,230.
US stock futures surged as risk appetite returned to the market, driven by signs of easing geopolitical friction. Dow Jones futures gained 0.16% to trade around 52,400 during European hours, while S&P 500 futures advanced 0.60% to trade near 7,590, and Nasdaq 100 futures rose 1.45% to reach approximately 28,230. The rally was fueled by strong earnings from AI computing provider CoreWeave, which saw its shares jump nearly 8% in after-hours trading after reporting beat-and-raise quarterly results.
Additionally, the possibility of AI firm Anthropic going public as soon as next week, with an aim to raise up to $90 billion at a valuation near $1.4 trillion, bolstered market confidence. The positive sentiment followed a weak performance on Wall Street the previous day, with the Dow Jones dropping 0.35%, the S&P 500 losing 0.38%, and the Nasdaq Composite falling 0.74%.
Concerns over a Federal Reserve rate hike in December, as indicated by the CME FedWatch tool at 85% probability, tempered some of the gains.
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