US Stocks Surge on Interest Rate Hopes, Tech Leads

US stocks surged earlier this week, driven by hopes for a December interest rate cut, as indicated by key policymakers. The Nasdaq Composite and S&P 500 led the gains, while the Dow Jones Industrial Average also saw a respectable increase. Major tech companies like Nvidia, Alphabet, and Tesla drove the market higher, and Bitcoin attempted to break free from a month-long slump. Investors are closely watching economic data releases and earnings reports this week, while also awaiting a Supreme Court ruling on President Trumps tariffs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.