US stocks on the move: CoreWeave, Moderna, Fox Corp
CRWV•The S&P 500 was down 0.33% and the Nasdaq Composite fell 1.08% at 11:38 EDT, while the Dow gained 0.28%. CoreWeave fell amid debt concerns, Moderna dropped 10.3%, and Fox Corp gained after a BofA double upgrade tied to a Roku deal.
1. Market moves
At 11:38 EDT, the S&P 500 was down 0.33%, the Nasdaq Composite was down 1.08%, and the Dow Jones Industrial Average was up 0.28%. The article cited debt concerns alongside CoreWeave’s drop, while Moderna fell 10.3% and Fox Corp gained after a BofA double upgrade tied to a Roku deal.
2. Other market context
The article said worries about cracks in the AI trade pressured semiconductor stocks, while gains in banks limited overall declines. It also noted that Moderna retreated from a 52-week high, wiping out $10 billion in value.
