The S&P 500 Index ($SPX) (SPY) today is up by +1.21%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +2.01%. December E-mini S&P futures (ESZ25) are up +1.28%, and December E-mini Nasdaq futures (NQZ25) are up +2.05%.
US stock indexes are moving sharply higher today on strength in technology stocks and rising expectations for a December Fed interest rate cut. Semiconductor and AI-infrastructure stocks are adding to last Friday’s rebound after the sectors retreated on concerns over lofty valuations and whether heavy investment in artificial intelligence will boost profitability. Also, the strength of the Magnificent Seven technology stocks is another supportive factor for the overall market.
