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Why Is Nasdaq Surging Today?
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
The Nasdaq Composite jumped 1.6% at Wednesday’s open, leading a broad rebound in technology stocks after a rough start to the week. The S&P 500 climbed 1%, while the Dow added 45 points. CoreWeave drove much of the rally, surging 13% after its third-quarter revenue topped forecasts and it raised its 2026 revenue and operating income outlook. The results eased worries over AI infrastructure demand that had weighed on tech stocks since the midterms. Nvidia rose 5%, recovering part of a nearly 10% slide earlier in the week tied to CEO Jensen Huang’s affair with an alleged Chinese spy. The rally comes despite rising rate pressure. October CPI rose 0.4% month on month, pushing odds of a December Fed hike to about 90%, and Goldman Sachs’ David Mericle now expects another increase in March.
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