Wall Street climbed during Wednesday’s trading session (November 11), driven by a rebound in technology and artificial intelligence stocks. The Nasdaq Composite rose 1.6%, the S&P 500 gained nearly 1%, and the Dow Jones added approximately 45 points, or 0.1%.
Shares of CoreWeave surged 13% after the company reported third-quarter revenue that exceeded analyst expectations. The firm also raised its revenue and operating profit projections for 2026, bolstering optimism surrounding the cloud computing and AI sectors.
Nvidia also rallied, climbing about 5% following sharp pressure over the previous two sessions. The recovery in the chipmaker’s stock helped improve sentiment within the technology sector, which had recently been a major drag on the broader market.
Despite the gains, investors remain focused on the Federal Reserve’s policy outlook. The U.S. Consumer Price Index (CPI) rose 0.4% month-over-month in October—higher than anticipated—pushing the probability of a 25-basis-point interest rate hike in December to nearly 90%.
Hawkish remarks from Federal Reserve Governor Christopher Waller further reinforced expectations for monetary tightening. Meanwhile, the U.S. bond market was closed on Wednesday in observance of Veterans Day, shifting investor attention more squarely toward stock market movements and the technology sector.