Stocks experienced a notable uptick on Wednesday, with major indices poised for their fourth consecutive day of gains as the Thanksgiving holiday approaches. The Dow Jones Industrial Average surged 286 points, or 0.6%, while the S&P 500 and Nasdaq Composite both climbed 0.5% and 0.6%, respectively. This rally is a welcome break from recent volatility, with traders noting increased optimism in the market.
Leading the charge were shares of Nvidia and Microsoft, both up over 1%, rebounding from previous declines. In a significant development, Alphabet’s stock reached new record highs following reports that Meta Platforms is considering utilizing Google’s TPU chips in 2027. Conversely, Nvidia saw a drop of more than 2.5%, reflecting mixed sentiments among investors.
Clark Bellin, president and chief investment officer of Bellwether Wealth, remarked, “Stocks are trying to stage a comeback from the past few weeks of declines, suggesting that dip buyers are still out in full force.” He noted that the market’s pullback this November was modestly restrained to about 4% from late October highs, well below the typical correction threshold of 10%. Bellin also cautioned that while a rebound to previous highs is anticipated, there are currently no clear catalysts to drive the market higher before year-end.
Investor attention remains firmly fixed on potential developments that could influence the Federal Reserve’s upcoming interest rate decisions. According to the CME FedWatch tool, traders are pricing in an over 80% probability of a quarter percentage point rate cut in December. Treasury Secretary Scott Bessent indicated on CNBC that there is a “very good chance” a significant announcement regarding the next Fed chair could come before Christmas. While candidates are being interviewed, Kevin Hassett, the White House National Economic Council Director, has reportedly emerged as a frontrunner, particularly if he advocates for lower rates.
November has been a challenging month for equities, with all three major U.S. indexes on track for losses. Heightened concerns over valuations have tempered the momentum of some tech stalwarts. As it stands, the S&P 500 is down approximately 1% this month, with the Nasdaq Composite declining about 3%. The Dow has also seen a slight decrease of around 1% to date.
As the market shuts down for Thanksgiving on Thursday, trading will resume on Friday with a shortened session, closing at 1 p.m. ET. Investors and market watchers alike are keeping a close eye on these developments, as the year unfolds.
Original Source: https://www.cnbc.com/2025/11/25/stock-market-today-live-updates.html
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Publish Date: 2025-11-26 20:14:00
