By William Collins, consultant in stock markets – Eurasia Business News, November 26, 2025. Article no 1909

U.S. stocks are building on strong gains for the week ahead of Thanksgiving holiday. They extended their recent rebound today, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all closing higher amid growing expectations for a Federal Reserve rate cut in December.

Gold futures opened at $4,128.60 per ounce on Wednesday, down 0.3% from Tuesday’s close of $4,140. The price of gold rose above $4,170 in early trading.

Major index moves

The Dow Jones Industrial Average  gained roughly 1–1.5% on the day, adding on the order of 600–700 points, as blue‑chip stocks rallied despite weakness in some large tech names. This advance marked another strong session in a multi‑day upswing driven by falling bond yields and rate‑cut bets.​

The Nasdaq Composite also finished higher, up around 0.7–1% as large technology and AI‑linked names continued to stabilize after a volatile stretch earlier in the month. Gains in mega‑cap growth shares were enough to offset pressure from a pullback in Nvidia  and some semiconductor stocks.​

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The S&P 500  rose close to 0.9%, with a majority of its sectors in positive territory, putting the index back within a small percentage of its record high. Cyclical and rate‑sensitive sectors benefited most from the drop in Treasury yields and improving risk appetite.​

Drivers of the move

News flow around AI and large‑cap tech also shaped trading: Alphabet  and other “Magnificent Seven” stocks advanced, while Nvidia lagged after reports of intensifying competition from Google’s in‑house AI chips. Energy markets were weaker, with oil and natural gas prices slipping on milder‑weather forecasts and progress in geopolitical talks, which also contributed to a more risk‑on tone in equities.

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The main catalyst was rising confidence that the Federal Reserve will deliver at least a quarter‑point rate cut at its December meeting, helped by softer labor, inflation, and retail‑sales data. Lower expected policy rates support higher equity valuations and particularly favor growth and small‑cap names.

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© Copyright 2025 – Eurasia Business News. Article no. 1909