Stock Markets Surge, Rate Cut Expectations Rise
Update: 2025-11-28
Description
Major stock indexes surged to two-week highs, with the S&P five hundred, Dow Jones Industrials, and Nasdaq one hundred all posting gains. Semiconductor stocks and energy producers drove this positive movement, as crude oil prices hit a one-week high. Trading activity was lighter than usual due to a technical outage at the Chicago Mercantile Exchange, but resumed today. The Bureau of Labor Statistics delayed the October consumer price report and November employment figures, adding uncertainty to the market. Despite this, the third quarter corporate earnings season has been strong, with eighty-three percent of S&P companies exceeding forecasts and overall earnings rising by fourteen point six percent. Markets are currently pricing in an eighty-four percent chance of another interest rate cut at the next Federal Open Market Committee meeting.
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