US Stocks Surge, Fed Rate Cuts Expected
Update: 2025-12-04
Description
US stocks rallied on Wednesday, defying early losses, as investors anticipated a potential interest rate cut from the Federal Reserve following a decline in private sector employment. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closed higher. The ADP report revealed a drop of thirty-two thousand jobs in November, primarily due to small businesses, which led to nearly ninety percent of investors predicting a quarter-point rate reduction next week. Other economic indicators showed mixed results, with US services activity expanding slightly and the index for prices paid easing to a seven-month low. Bitcoin rebounded to a two-week high, while tech stocks faced headwinds due to concerns about AI technology demand. Marvell Technology and American Eagle Outfitters saw stock gains, but Macys shares fell despite a surprise profit.
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