Fed Rate Cut Hopes Boost Stocks, Tech Cools Off
Update: 2025-11-22
Description
Stocks surged today following hints from Federal Reserves John Williams of a potential December interest rate cut. Major indices like S&P, Dow, and Nasdaq rallied, with some individual stocks like Pitney Bowes and CDW jumping over 3%. However, the tech-heavy Nasdaq dipped slightly, indicating a cooling off period for high-growth tech stocks. Despite overall optimism, financial leaders warn of potential market corrections in the future.
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