Dow Jones futures rose 0.16% to about 52,400 in European hours on Wednesday, while S&P 500 futures added 0.60% to around 7,590 and Nasdaq 100 futures climbed 1.45% to roughly 28,230. Risk appetite improved after President Donald Trump said further military action against Iran may no longer be required, a view echoed by Secretary of State Marco Rubio at the G7 summit, as Congressional Democrats prepared to use the approaching government funding deadline to push for a diplomatic track.
AI Earnings Boost and Market Response
AI-related earnings also supported futures trading. CoreWeave shares gained nearly 8% after hours after a beat-and-raise quarter, and reports said Anthropic could debut as soon as next week seeking up to $90 billion at a diluted valuation near $1.4 trillion. The move followed Tuesday’s declines, when the Dow Jones fell 0.35%, the S&P 500 dropped 0.38% and the Nasdaq Composite lost 0.74%, after CPI reinforced expectations for a Federal Reserve rate rise in December; the CME FedWatch tool showed 85% odds. October core CPI was 0.3% m/m, attention now turning to PCE.
