CoreWeave earnings lift S&P 500 and Nasdaq as July CPI edges up
AI Market Summary
Nasdaq and S&P 500 advanced as strong AI-infrastructure earnings (e.g., CoreWeave) and gains in data-center operators and chipmakers reinforced expectations of sustained AI capex. A mild July CPI print and a second straight month of lower gasoline prices reduced near-term Fed tightening risk, supporting duration-sensitive growth equities. Geopolitical risk from stalled U.S.-Iran talks and shipping attacks remains a background overhang.
Impact level
● Medium
Affected assets
NCSINASDAQ1002USD/USDT+0.62%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
The S&P 500 and Nasdaq ended higher on Wednesday after strong quarterly results from AI infrastructure firms, led by CoreWeave. July U.S. CPI posted only modest growth, while gasoline prices fell for a second straight month, easing concerns about additional Federal Reserve rate hikes. Data center operators IREN and Applied Digital advanced alongside chipmakers Nvidia and Micron Technology. Strength across AI-linked names boosted broader technology shares.
