Economy and macroUpdated 2h ago

AI enthusiasm lifts U.S. stock futures despite hot inflation

After hotter-than-expected inflation revived bets on higher rates, Wednesday’s markets split: U.S. stock futures climbed while Treasury futures fell. Bloomberg tied the stock-futures rise to a return of enthusiasm for AI, following better-than-expected results from CoreWeave, robust demand for Anthropic’s IPO and a blockbuster quarter for OpenAI. Treasury futures fell as the inflation reading fueled rate-hike bets and yields spiked. The cash Treasury market was closed for Veterans Day, so the decline was in futures, not Wednesday cash-bond trading.

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