Stock Market Update
15-Oct-26 11:55 ET
CoreWeave recovering from sharper early loss
Dow +426.39
at 52048.08,
Nasdaq -107.29
at 26606.02,
S&P +3.96
at 7722.97
[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (-0.4%), and DJIA (+0.8%) have settled into a relatively stable range after recovering from sharp early losses
CoreWeave (CRWV 63.98, -1.80, -2.74%) is making a notable recovery of its own after Bloomberg reported that NVIDIA (NVDA 217.17, -4.13, -1.87%) CEO Jensen Huang says CoreWeave's strength is improving and he doesn't think a financial backstop is necessary.
The stock has been a central storyline to the recent unwind across AI names, plunging 15% yesterday as investors increasingly question the sustainability of its debt-funded AI expansion. Bloomberg reported this morning that its unsecured debt due in 2032 is trading at levels that typically indicate distress.
