US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening. Rising Treasury yields and weakness in technology stocks, particularly Nvidia, weighed on the market, while investors also assessed hawkish Fed comments and Anthropic’s upcoming IPO.
US stocks: S&P, Nasdaq end over 1% higher as AI-fueled optimism weighs
CoreWeave reported strong earnings, easing investor concerns about spending on AI infrastructure and boosting stock prices. Both the S&P 500 and Nasdaq witnessed gains following