Stock Market Surges, Fed Rate Cut Hopes Boost Tech Stocks
Update: 2025-11-24
Description
U.S. stocks surged on Monday, driven by tech stocks and hopes of a December rate cut, with the S&P 500 and Nasdaq gaining 1.6% and 2.7% respectively. The Federal Reserves potential rate cut in December, now at 80%, is a major market driver. Despite initial market fluctuations, the S&P 500 remains near its record high. This week, key inflation data and Novo Nordisks Alzheimers drug trial results will impact the market. Bitcoin also experienced volatility, trading near $87,600.
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