Stocks Rally as Hopes for December Rate Cuts Grow
The stock market experienced significant gains with the Dow Jones, S&P 500, and Nasdaq all rallying for the third consecutive day, driven by increasing optimism regarding potential interest rate cuts from the Federal Reserve. In a robust trading session, the Dow surged over 650 points, contributing to a broad market advance. Tech stocks, notably Alphabet and Apple, reached record highs, despite some volatility in companies like Nvidia and AMD. Fed officials have hinted at the possibility of a rate cut in December, fueling investor enthusiasm and leading to a notable rebound in stock prices, particularly in the technology sector. As markets prepare for the holiday season, analysts speculate whether the S&P 500 could reach new heights in the coming year amid these favorable economic expectations.
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