US stocks on the move: CoreWeave, Travelers, Tesla
CRWV•US index futures were mixed as technology stocks faced fresh pressure over concerns about the AI trade. Tesla shares rose, while oil prices declined.
1. Market moves
US stock index futures were mixed on Friday, as technology stocks came under pressure over worries about cracks building in the AI trade. A rise in Tesla shares and a decline in oil prices offered support.
2. Company updates
CoreWeave shares dropped as its debt load compounded concerns about its AI build-out. Travelers was expected to post a slight dip in quarterly revenue, while Tesla climbed after a Roadster refresh and touted rocket-style thrusters.
3. Other stocks
Alcoa rose after beating third-quarter profit expectations. Varonis rose after Proofpoint agreed to a $6.3 billion takeover, while Netflix fell as the company appointed a new content chief.
