US Stock Market Sees Mixed Results as Hopes for Interest Rate Cuts Grow
The US stock market experienced fluctuations as traders navigated a volatile month. While the Nasdaq closed higher at the end of the month, it broke a seven-month winning streak, reflecting mixed results across major indexes. The S&P 500 and Dow also rose, with both indexes experiencing gains during the shortened trading week following Thanksgiving. Investors are placing bets on a potential interest rate cut in December, spurred by optimistic economic signals and a surge in technology stocks, including notable performances from Alphabet and Tesla. As the market seeks to rebound from earlier losses, stocks continued to gain for the fifth consecutive day, though concerns remain about the overall performance of the month.
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