Rebounding AI stocks lift Wall Street

A rebound for stocks in the AI industry is lifting the U.S. market. The S&P 500 rose 1% Wednesday and is on track for a third gain in four days since last week's wipeout on worries about a potential slowdown for AI-related businesses. The Nasdaq composite rallied 1.6%, and CoreWeave helped drive the gains after reporting stronger results for the summer than analysts expected. But stocks outside of AI were not doing as well, and the Dow Jones Industrial Average dipped 55 points. The U.S. bond mar