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61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Chip Rebound Lifts S&P 500 and Nasdaq
Wall Street and European markets rallied on Wednesday as CoreWeave's results revived the AI trade, but hotter US inflation and talk of a Federal Reserve rate rise leave the recovery fragile.
The S&P 500 closed at 7,619.38 on Wednesday, up 1.31%, while the Nasdaq Composite gained 1.60% to 25,466.19. The rebound looked to be driven by CoreWeave’s results, which reignited the AI trade, with chip stocks leading.
S&P 500 up 1.31% to 7,619.38; Nasdaq Composite up 1.60% to 25,466.19
DAX led Europe, up 1.20%; FTSE 100 rose 0.8% to 10,835.47
Both US indices remain below their close on Wednesday last week
CoreWeave Results Revive the AI Trade
The S&P 500 fell 0.38% yesterday and the Nasdaq Composite, which covers every Nasdaq-listed stock and leans towards tech, lost 0.74%. US consumer price index (CPI) inflation, the main gauge of prices, had come in above market expectations, and markets increasingly priced a 25-basis-point (quarter of a percentage point) Federal Reserve rate rise in December.
CoreWeave (NASDAQ: CRWV), a US cloud provider of AI data-centre capacity, reported third-quarter revenue of $3.66bn against analyst estimates of $3.55bn. Its adjusted loss was 95 cents a share against an expected $1.16 loss.
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GSPC.INDX
Scoreboard: DAX Leads Europe
All six indices closed higher, with the US pair and Germany ahead of London.
Index
Close
Change
% change
S&P 500
7,619.38
+98.45
+1.31%
Nasdaq Composite
25,466.19
+400.32
+1.60%
FTSE 100
10,835.47
No data
+0.8%
DAX
26,662.77
+315.32
+1.20%
CAC 40
8,332.87
+54.28
+0.66%
STOXX Europe 600
663.05
+4.73
+0.72%
Germany’s DAX was strongest in Europe, ahead of the STOXX Europe 600, which spans 600 companies in 17 countries, and France’s CAC 40. Sharecast’s London close report put the FTSE 100 up 0.8% at 10,835.47, a smaller gain than the DAX or either US index.
The rebound does not erase the damage from Thursday, when the S&P 500 fell 4.36% and the Nasdaq Composite 5.52%. The S&P 500 finished 0.90% below its close on Wednesday last week, and the Nasdaq Composite 1.05% below.
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S&P 500 and Nasdaq Composite, daily closes rebased to 4 November = 100
The Fed rate-rise pricing that followed Tuesday’s inflation data has not been resolved, so the AI-led bounce still rests on it.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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