The spark came from CoreWeave, the AI cloud infrastructure firm whose third-quarter results missed expectations.

Government reopening also left investors with questions about economic data.

After the longest shutdown on record, the U.S. government has reopened and federal agencies are rushing to publish a backlog of delayed economic data.

Yet the administration warned that key indicators — most notably October jobs and inflation figures — may be permanently compromised, due to a lack of data collection during the closure.

This has left the Federal Reserve in a cautious position heading into its December policy meeting, with several Fed members claiming that the battle against inflation is far from over.

Rate cut odds have swung sharply, with markets now seeing the likelihood of a 25-b

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