New York stock market gets off to a mixed start with Coreweave's performance digested

The three major stock indices of the New York Stock Exchange started off mixed, absorbing Coreweave's good performance.

As of 9:43 a.m. on the 11th (local time), the Dow Jones Industrial Average on the New York Stock Exchange recorded 52,216.38, down 15.51 points (0.03%) from the previous day. The Standard & Poor's (S&P) 500 index stood at 7,583.65, up 62.72 points (0.83%) from the previous day, and the Nasdaq Composite Index stood at 25,392.11, up 326.24 points (1.30%) from the previous day.

CoreWeave, a neocloud company that sparked concerns about AI infrastructure investment last month, announced earnings after the market closed the day before, exceeding expectations, improving investor sentiment across technology stocks.

According to Coreweave's third quarter performance announcement, sales surged 168% compared to the same period last year to $3.661 billion. It exceeded market expectations of $3.55 billion.

This year's annual sales forecast was also raised from $12.4 billion to $13.2 billion to $13 billion to $13.3 billion.

Coreweave stock price soared 15.41%.

Nvidia's stock price fell the previous day due to CEO Jensen Huang's affair with a woman suspected of being a Chinese spy, but rebounded 1.79% on the day.

Marvell Technology and Micron Technology also rose 6.04% and 6.95%, respectively.

“Although valuations have been lowered due to political concerns, we expect investment in AI infrastructure to continue, which should boost stock prices over time,” said Eric Schiffer, chairman of the Patriot Organization.

Looking at each industry, technology and energy showed strength, while healthcare and real estate showed weakness.

Energy infrastructure company Talen Energy's stock price rose 3.65%. The impact was the announcement that it had signed a seven-year contract to sell 750 megawatts of power supply capacity to an investment grade counterparty. Talen Energy estimates that this contract will generate annual sales of approximately $100 million by 2036.

Next Nav's stock price rose 3.69% after the earnings announcement. Next Nav's third quarter sales nearly doubled compared to the same period last year, and net loss per share was $0.04, a significant decrease from last year's $0.12.

European stock markets all showed an upward trend.

The Euro STOXX 50 index is trading at 6,357.39, up 0.47% from the previous day. Germany's DAX index and Britain's FTSE 100 index rose 0.78% and 0.47%, respectively, and France's CAC40 index rose 0.36%.

International oil prices rose.

At the same time, the price of West Texas Intermediate (WTI) crude oil for delivery in December 2026, which is a nearby contract, is recording $87.36 per barrel, up 1.32% from the previous price.