By Sharecafe Team
Publication Date: 2025-11-25 21:33:00
Wall Street closed higher on Tuesday as traders reassessed the likelihood of a Federal Reserve interest rate cut next month and moved through segments of artificial intelligence trading. The Dow Jones Industrial Average led the gains, rising 1.43% to 47,112.45. The S&P 500 gained 0.91% and the Nasdaq rose 0.67%, recovering from intraday losses that briefly sent all three indexes into the red.
Markets remain focused on the December policy meeting, with an 83% chance of a quarter-point cut in futures prices. Expectations were confirmed after it was reported that Kevin Hassett, the current director of the White House National Economic Council, has emerged as the leading candidate to become the next Fed chair. Investors interpret his possible appointment as a signal of a shift towards a lower interest rate regime. Finance Minister Scott Bessent said an announcement could be made before Christmas.
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