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US stock futures rose on Wednesday as Nvidia and other chip stocks crept higher, investors shifted their bets on a Fed rate hike next month, and cryptocurrencies fell. Futures on the Dow Jones Industrial Average (YM=F) rose 0.1%, while those on the S&P 500 (ES=F) climbed 0.8%. Contracts for the Nasdaq-100 (NQ=F) added 1.9%. The bond market sold off on Tuesday, with the 10-year Treasury yield (^TNX) briefly spiking above 5% again, as traders recalibrated their bets for higher interest rates following hotter-than-expected CPI inflation data. Comments from Fed officials also fueled the bond rout, with Federal Reserve governor Michelle Bowman saying, "There is still work to do to bring inflation closer to 2%." As Anthropic's (ANTH.
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