AI rally lifts US stocks as credit markets show strain

· Economy · United States

US equity-index futures rose along with strong earnings from some of the biggest AI beneficiaries, reviving optimism over the tech trade, after the S&P 500 erased early losses to close higher as big banks and healthcare companies rallied. The Dow Industrials jumped more than 500 points on Tuesday. But credit markets remain wary: gauges of credit risk for major technology companies hit fresh highs as investors brace for post-earnings bond sales. Anthropic reportedly logged a net loss of over $80 billion in the first half of 2026, up from $13 billion a year earlier, driven by $72 billion in accounting charges.

Why it matters：A split market where stocks rally on AI earnings while credit investors hedge points to growing strain in the financing of the AI boom.

Key points

  • Dow rose more than 500 points on Tuesday
  • Tech credit risk gauges hit fresh highs
  • Anthropic's reported loss jumped on accounting charges

Sources (original reporting)

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