‘Sinking Under Water’: Americans Feel the Inflation Squeeze as Prices Outpace Wage Growth, Economist Says — Warns 50-Basis-Point Fed Hike Is Back on the Table

Cyclicals Lead Sectors In Wednesday Trading As Defensives Trail

Five sectors are higher and six are lower in Wednesday's regular session, with cyclical sectors holding two of the top three positions. Technology sits well clear of the rest, separated from the next sector by a margin several times wider than any other gap in the table.

Tech Stocks Add Over $500 Billion as CoreWeave's Blockbuster Results Rescue AI Rally

CoreWeave (CRWV) jumped after third-quarter margins beat and a lighter funding plan, sparking a $500 billion rally in AI chip, memory and power stocks.

Reported Earlier, Commerce's Lutnick Was Sent Warning On Nvidia CEO Affair - Axios

Fed’s Bowman Says Persistent Inflation, Firming Labor Conditions Suggest ‘Still Work To Do'; Financial Conditions Have Tightened, Fed Must Weigh Costs Of Additional Policy Tightening; Bringing Inflation Down Remains A Priority; Core PCE Likely Rose 3.3% In October On Energy Prices, AI-Related Demand; As Shocks Unwind, Forecast Core PCE To Move Closer To 2% Next Year; Economic Growth Gained Momentum This Year; CPI Data Suggests Inflation Pressures May Persist; Labor Market Has Improved, Not Tight

Hot CPI Pushes 10-Year Yield to 5%, Nvidia Sinks 6%: Stock Market Today

Hotter October CPI pushed the 10-year Treasury yield to 5% and the 2-year up 17 basis points, while Nvidia's slide weighed on the Nasdaq 100.

Wall Street Hasn't Ignored Earnings Beats Like This Since the Dot-Com Bust

S&P 500 beats get the smallest reward since 2001, BofA's Savita Subramanian says, as AI risk weighs on SPY despite 31% earnings growth.