By Rian Howlett
Publication Date: 2025-11-24 20:32:00
US stocks surged on Monday to start the shortened Thanksgiving trading week as US policymakers buoyed hopes for an interest-rate cut in December and AI optimism fueled the tech trade.
The tech-heavy Nasdaq Composite (^IXIC) was up almost 2.7%, its biggest daily jump since May. The S&P 500 (^GSPC) advanced more than 1.5%, as Wall Street stocks started to extend Friday’s bounce. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, put on nearly 0.5%.
Stocks notched another recovery from the pullback that has cooled this year’s AI-driven market rally. Analysts have suggested the end is near for a retreat that has driven notable losses in November, as well as turbulence.
Nvidia (NVDA) jumped more than 1.5%, while Alphabet (GOOG) closed above a record north of $300 for the first time ever. Tesla (TSLA) gained 7% on the heels of a bullish analyst call.
Meanwhile, bitcoin (BTC-USD) also rose as it looked to bust out of a month-long slump. It was…
