Overview
Today's U.S. stock market ended on a positive note, driven by anticipation of a Federal Reserve interest rate cut in December. Major indices, including the S&P 500, experienced a rise as investor sentiment improved on the back of dovish comments from Federal Reserve officials and the emergence of a frontrunner for the next Fed Chair.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
According to the Federal Reserve's Beige Book, employment saw a slight decrease while prices rose moderately, indicating no major shifts in economic trajectory. Amazon and Oracle led gains among major stocks, with Amazon exceeding earnings expectations and Oracle rising approximately 4% on Deutsche Bank's buy investment opinion. Additionally, airlines benefitted from the anticipated surge in Thanksgiving travel demand. A bullish outlook for 2026 is being speculated, with Deutsche Bank projecting the S&P 500 to reach 8000 points by the end of 2026.
Tomorrow's Economic Indicators
| Time | Indicators |
|---|---|
| 9:00 AM | Initial Jobless Claims |
| 10:00 AM | October Personal Consumption Expenditures |
| 2:00 PM | Federal Reserve Meeting Minutes Release |
General Opinion
The market is pricing in an 80% chance of a December rate cut, with expectations for three additional cuts by late 2026. Recent economic indicators show mixed signals, not markedly impacting the Federal Reserve's potential decision for a December rate cut. However, strong corporate earnings and policy expectations continue to support positive market sentiment.
