Stocks Surge, AI Stocks Shine; Federal Reserve Rate Cut Hopes
Update: 2025-11-28
Description
US stocks closed higher on Friday, marking a positive end to November, as traders anticipate potential interest rate cuts and renewed interest in AI stocks. Despite gains, the Nasdaq and S&P 500 ended the month in the red, snapping winning streaks. A significant trading outage at the Chicago Mercantile Exchange disrupted global markets earlier in the day. Analysts predict the S&P 500 to reach 8,000 by 2026, with some forecasts at around 7,500.
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