Stock Markets Mixed, Fed Rate Cut Bet Still High

Stock markets worldwide show mixed results today, following a week of significant gains. U.S. stocks rallied on hopes of a Fed rate cut, with the S&P and Dow Jones up, but the Nasdaq slipped. Chip companies like Nvidia and AMD fell after reports of Metas potential AI chip deal with Alphabet. The U.S. is set to release wholesale inflation data, which could impact the Feds rate decision. Despite this, traders still bet on a rate cut in December. The U.S. trading period is shortened this week due to Thanksgiving and the start of the holiday shopping season. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.