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It’s time for Yahoo Finance’s Market Minute.
00:09 Speaker A
US stocks rise on this triple witching day, building on Thursday’s gains. The move higher comes as signs of cooling inflation and waning AI worries has lifted Wall Street optimism at the tail end of a topsy-turvy week, which is also the final full trading week of the year.
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And Core Weave is rebounding from last week’s punishing losses. The AI cloud company’s stock is getting some help from Open AI, setting its sights on a $100 billion fundraising round. Also, Citi reinstating its coverage of Core Weave with an adjusted price target of $135, noting that the company is staring down overwhelming demand.
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Plus, DraftKings announcing it is entering the prediction markets under the watchful eyes of the US Commodity Futures Trading Commission. Event contracts will be available across 38 states, including sports event contracts in states like California, Florida, Georgia, and Texas, and that’s your Yahoo Finance Market Minute.