CoreWeave’s polarizing stock rebounds as Wall Street squares off about AI spending
Wall Street’s views on CoreWeave are starkly divisive as investors pay more attention to the financial details of big artificial-intelligence companies.
Wall Street’s views on CoreWeave are starkly divisive as investors pay more attention to the financial details of big artificial-intelligence companies.
The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.02%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.32%. September E-mini S&P futures (ESU26) rose +0.02%, and September E-mini Nasdaq futures (NQU26) fell -0.33%. Stock indexes settled mixed on Monday, with the Dow Jones Industrial Average posting…
Among retail stocks, Costco Wholesale (COST +0.31%) reigns supreme. Over the last decade, it has crushed the S&P 500 on a total return basis, 624% to 324%. Even successful rival Walmart (WMT +0.78%) has only grown by 415% during that time. But this year, Costco’s stock has hit the skids. Over the last six months,…
The S&P 500 Index ($SPX) (SPY) is up by +0.58% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.07%. E-mini S&P futures (ESU26) are up +0.61%, and September E-mini Nasdaq futures (NQU26) are up +0.05%. Stock indices are moving higher today, with the Nasdaq 100…
Starting next week, Apple will have a new CEO: company hardware chief John Ternus. And to help kick off his tenure, the tech giant will, the following week, hold its biggest product rollout of the year, Bloomberg News reported Wednesday (Aug. 26). That event is scheduled for Sept. 9 at Apple’s headquarters in Cupertino, California, and will be livestreamed on…
Inflation data for July takes center stage in the week ahead, as second-quarter earnings season winds down. Another factor that could influence the market action: updates on the Iran war. Though Treasury Secretary Scott Bessent said early last week that a deal may be coming , that news never materialized. That’s not to say a…
Key insight: Settlement services, whose debt-reduction models require advising borrowers to default on their loans, wreak havoc on their customers’ credit ratings, often leaving them worse off than they were before. What’s at stake: Two federal watchdogs warning consumers from falling into debt-settlement traps is not what a well-regulated market looks like. Supporting data: In…