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Another rally for Alphabet leads the US stock market higher
- On Sunday, U.S. stock futures climbed overnight as markets sought to rebound into the Thanksgiving holiday week, with S&P 500 futures rising 0.6%, Nasdaq-100 futures up 0.8%, and Dow futures gaining 200 points.
- Investor reassessment of artificial intelligence-linked stocks pressured major averages, but the rebound began after New York Federal Reserve President John Williams left the door open to a December rate cut.
- Major indexes swung sharply, reflecting pressure on AI-driven winners and broader market volatility as the S&P 500 slipped 2% last week, with Alphabet rising 5.6% and Nvidia slipping 0.3%.
- Stocks got a lift from rising hopes the Fed will cut its main interest rate next month, with traders betting nearly 79% probability of a December rate cut, up from 71% on Friday.
- With the Bureau of Labor Statistics scrapping October's CPI, the Fed won't get a key inflation reading before its next decision, while October U.S. retail sales and Producer Price Index on Tuesday could raise volatility amid thinning holiday trading volumes.
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38 Articles
38 Articles
Alphabet Leads Stock Market Rally
The US stock market rallied on Monday following a shaky few weeks. The S&P 500 rose 102.13 points, or 1.5%, to 6,705.12 for one of its best days since the summer and added to its jump from Friday The he Dow Jones Industrial Average rose 202....
·Miami, United States
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Coverage Details
Total News Sources38
Leaning Left10Leaning Right1Center18Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 35%
C 62%
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