U.S. stocks on the move: Fossil, Rio Tinto, Capri Holdings
FOSL•U.S. indexes were set to open higher after CoreWeave's strong earnings eased investor worries about AI spending. Fossil rallied on strong results and an upbeat annual forecast, while Rio Tinto shares rose with copper miners and Capri Holdings slipped after naming a new CEO.
1. Stocks set for higher open
The main U.S. indexes were on track to open higher on Wednesday after neocloud firm CoreWeave's strong earnings assuaged investor worries about bloated AI expenditure.
2. Company moves
Fossil rallied after reporting strong results and an upbeat annual forecast. Capri Holdings slipped after naming a new CEO.
3. Copper miners rise
Rio Tinto, BHP Group, Southern Copper and Freeport-McMoRan rose as copper rebounded on improved market sentiment.
