Stocks Surge, Tech Leads Rally

U.S. stocks surged for a fourth consecutive day, with technology companies leading the rally. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all gained, erasing most of the major indexes losses from earlier this month. Investors are optimistic about a potential Federal Reserve interest rate cut in December, fueling a tech-driven, buy-the-bounce response to the recent sell-off. Dell Technologies and Robinhood Markets saw significant gains, while Deere dropped due to a downbeat forecast. The yield on the ten-year Treasury slipped, with traders betting on an almost 83% probability of a rate cut next month. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.