Hot PPI data (6.5% per Kalshi) and Fed's Goolsbee saying inflation is broad-based weigh on sentiment, per Wall St. Engine on X.
Per CNBC, stock futures declined as Jensen Huang's ouster sent Nvidia reeling and oil prices rose.
Per CNBC, Nasdaq gained more than 1% as a CoreWeave spike revitalized the AI trade.
Tech is rebounding on AI infrastructure strength after CoreWeave's earnings beat and raised outlook, per CNBC and Yahoo Finance.
Per CNBC, the S&P 500 fell, dragged down by a Nvidia sell-off and rate-hike fears after hot inflation data.
Per Yahoo Finance, Dow and S&P 500 slipped after CPI data raised Fed rate-hike bets.
Nasdaq surged and the Dow and S&P 500 rallied on the AI tech trade rising, per Yahoo Finance, despite Nvidia's stock slide.
Dow rallies as oil slides and tech stocks outside of Nvidia gain, per CNBC.
Ten for ten: every prior flat-open, 4%-plus intraday washout in the S&P 500 ETF was followed by a higher price one year later, which marks Thursday's selloff as capitulation.
On Thursday, the S&P 500 ETF $SPY opened flat and traded down 4%+ from the open to the close. Red dots on the chart below show prior occurrences. Higher one year later all ten times. Are massive big open to close drops a clearing event? https://t.co/TsJOm45OoL
Per Bloomberg, a US stock rout paused as dip buyers offered support, while per Kiplinger, Nasdaq tech stocks rebounded.
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