9h • General discussion
11/11
Daily Digest
S&P 500 NASDAQ DOW RUSSELL 2000
US stocks closed higher as AI rebound led by CoreWeave lifted technology and semiconductors, recouping part of prior inflation-driven losses
- The S&P 500 ($SPX) rose 1.31% to 7,619.38, the Nasdaq Composite ($COMP) gained 1.60% to 25,466.19, the Dow Jones Industrial Average ($DJI) added 0.49% to 52,486.49, and the Russell 2000 (IWM) advanced 0.88% to 2,846.26.
- Technology climbed more than 3% to lead 10 of 11 S&P sectors higher, while consumer discretionary stocks lagged the broader market.
- CoreWeave (CRWV) jumped 24.71% after reporting third-quarter revenue of $3.7 billion, up 168% year-over-year, and raising its full-year 2026 forecast to $13–13.3 billion.
- Semiconductor and AI-related names strengthened alongside CoreWeave (CRWV), with Micron Technology (MU) up 11.89%, Sandisk (SNDK) up 13.69%, Seagate Technology (STX) up 9.99%, Dell Technologies (DELL) up 11.75%, and Nvidia (NVDA) up 2.87% in the regular session.
- Apple (AAPL) gained 2.04% to close at a record high above $355.
- On the downside, Airbnb (ABNB) fell 3.09%, Microsoft (MSFT) slipped 2.26%, Lululemon (LULU) declined 2.65%, and McDonald’s (MCD) lost 2.61%.
- The bond market was closed for Veterans Day, with the 10-year Treasury yield (@10Y) last quoted at 4.998%.
- In after-hours trading, Nvidia (NVDA) dropped more than 8% following reports that its board is preparing to oust CEO Jensen Huang amid allegations of affairs involving a reporting executive and a suspected Chinese spy.
- CuriosityStream (CURI) rose after posting 13% revenue growth and raising its outlook, while OptimizeRx (OPRX) fell sharply after its results and guidance update in after-hours trading.
- Cisco Systems (CSCO) and Applied Materials (AMAT) are scheduled to report earnings after Thursday’s close.
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11/11
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