Wall Street rebounds strongly: Nasdaq climbs more than 2% led by CoreWeave and Nvidia

Wall Street closed higher on Wednesday, with technology stocks leading the rebound after CoreWeave's results and Nvidia's recovery, despite concerns about inflation in the United States.

The S&P 500 gained 1.27% and closed at 7,650 points, the Nasdaq 100 climbed 2.45% to 28,584 points and the Dow Jones rose 0.29% to 52,519 points, according to market data compiled by XTB. In Europe, Germany's DAX index also closed higher, up 0.78%.

CoreWeave was the star of the session: its shares soared more than 20% after reporting third-quarter results that beat expectations and raising its sales outlook. The company reported revenue of $3.7 billion, up 168% from a year ago, according to EL CEO.

Nvidia, meanwhile, rebounded 4.17% to $176.01, after falling in the previous two sessions amid the controversy surrounding its chief executive, Jensen Huang. Apple gained 1.75% and Tesla climbed 3.26%.

Caution persists: the consumer price index for October rose 0.4% month over month, above expectations, and the market puts at 90% the probability that the Federal Reserve will raise its interest rate in December, according to the CME Group's FedWatch tool. Oil also rose: WTI crude gained 1.17% to $87.05 a barrel.

Photo: EL CEO

Source: XTB