U.S. stocks recovered from post-Fed losses as the Nasdaq rose 1.54% and Generac soared 20% on an Amazon data center deal, even as CoreWeave shares slipped on debt concerns.
Generac soared almost 20% on news of an Amazon data center deal.
CoreWeave fell almost 4% after announcing a $3 billion convertible bond sale, raising debt concerns.
Micron Technology gained amid strength in memory stocks.
Nasdaq Composite up 1.54% in rebound from post-Fed sell-off.
S&P 500 climbed 1.01% as investors looked beyond Fed sell-off.
Dow Jones Industrial Average rose 0.55%.
SanDisk gained as part of memory stock rally.
Gold price up 2.37% to $4,364.66 amid lower Treasury yields.
10-year Treasury yield fell 6 basis points to 4.95%, boosting bond prices.
Amazon mentioned as counterparty in Generac data center deal; direct stock impact unclear.
Major U.S. indices rebounded on Wednesday as investors looked past the Federal Reserve's recent hawkish tone. The Nasdaq Composite climbed 1.54%, while Generac shares surged nearly 20% following a strategic data center agreement with Amazon. Meanwhile, falling Treasury yields provided a tailwind for equities, though concerns over corporate debt levels weighed on specific tech names like CoreWeave.
Markets recovered as investors digested the Federal Reserve's recent hawkish stance, supported by falling Treasury yields and a decline in oil prices.
CoreWeave shares declined nearly 4% after the company announced a $3 billion convertible bond sale, fueling investor concerns regarding debt-funded AI infrastructure.