"U.S. stocks opened with gains on the final trading day of November. The S&P 500 rose 0.2% and needs a slightly larger gain to avoid its first down month since April. The Dow Jones Industrial Average rose 138 points, and the Nasdaq gained 0.3%. Coinbase Global added 3.6% as bitcoin rose above $92,000 after dropping to around $81,000 last week. The world's most popular cryptocurrency is still well below its all-time high of around $125,000 set in early October."
"After slumping earlier this month as investors worried that many of the tech stocks that were propelled higher by the frenzy over artificial intelligence, stocks have risen for four straight trading sessions on hopes the Federal Reserve will again cut interest rates at its meeting next month. Recent comments from Federal Reserve officials have given traders more confidence the central bank will again cut interest rates at its meeting that ends Dec. 10."
U.S. stocks opened higher on the final trading day of November, with the S&P 500 up 0.2%, the Dow rising 138 points, and the Nasdaq gaining 0.3%. The S&P 500 needs a slightly larger gain to avoid its first down month since April. Coinbase rose 3.6% as bitcoin climbed above $92,000 after last week's dip near $81,000, though bitcoin remains well below its early-October peak near $125,000. Most tech stocks advanced, including Meta and Micron, while Nvidia and Oracle fell. Futures were halted for hours after a CME technical issue tied to a CyrusOne data center outage. Markets have rallied four straight sessions on hopes of a Fed rate cut in December.
Read at www.bostonherald.com
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