Liberty Bell Report
Conservative news from the nation’s capital
Stocks rallied on Veterans Day with the bond market closed, as CoreWeave's results revived the AI trade, Europe hit a record and traders braced for a Fed hike.
Two-year yields jumped the most since 2024 after October prices topped forecasts, while CoreWeave's strong outlook gave the AI trade a lift.
The betting platform may face federal charges over how it notified regulators about new contracts.
Consumer prices rose 0.4% in the first inflation report since the midterms, raising the odds of a December rate hike.
Futures point to a roughly 80% chance the Fed raises rates next month, and Tuesday's CPI could seal it.
The Nasdaq gained 1.1% as chip stocks recovered, while a strong jobs report kept pressure on interest rates.
The Dow lost 1,833 points and the Nasdaq fell into a correction as chip and data-center stocks collapsed.
Lockheed Martin fell 6.4% on a day the Dow jumped 3%, as investors bet on a push to end the Iran war.
Wall Street cheered the end of election uncertainty after Democrats won Congress, and plunging oil prices added fuel.
The S&P 500 rose 0.4% even though most of its stocks fell, as Nvidia, AMD and Broadcom led a tech rebound and Apple disappointed.
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