US stocks on the move: Akamai, Amazon, CoreWeave
AKAM•Akamai shares rose after a $2.2 billion convertible debt sale, Amazon and Alphabet gained as Anthropic targeted a $1 trillion IPO value, and CoreWeave drew attention ahead of results. Wall Street’s main indexes fell after hotter-than-expected October inflation data.
1. Company moves
Akamai Technologies shares rose after the company’s $2.2 billion convertible debt sale. Amazon and Alphabet shares rose as Anthropic targeted a $1 trillion IPO value. CoreWeave was in focus ahead of its results.
2. Market declines
Wall Street’s main indexes retreated on Tuesday, pausing a two-day rebound in technology shares, after hotter-than-expected October inflation reinforced concerns that the Federal Reserve could keep interest rates higher for longer. At 1:30 p.m. EST, the Dow was down 0.59%, the S&P 500 fell 0.85% and the Nasdaq Composite lost 1.40%.
