By Rian Howlett
Publication Date: 2025-11-24 17:17:00
US stocks surged on Monday, heading toward a rebound to start the shortened Thanksgiving trading week as US policymakers buoyed hopes for an interest-rate cut in December.
The tech-heavy Nasdaq Composite (^IXIC) was up over 2%, and the S&P 500 (^GSPC) advanced more than 1.3%, as Wall Street stocks started to extend Friday’s bounce. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, put on 0.4%.
Stocks are aiming for further 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. Some of the biggest tech megacaps, including Nvidia (NVDA), Alphabet (GOOG), and Tesla (TSLA), led the way higher on Monday.
Meanwhile, bitcoin (BTC-USD) remained under pressure, a sign that the jitters that have haunted markets haven’t dissipated. The leading cryptocurrency was trading slightly lower on Monday at just south of $87,000 a token, having recovered somewhat over the weekend from sinking below $81,000 on Friday in a long-running slump.
Investors are heading into the shortened Thanksgiving trading week still debating the odds of an interest-rate cut. On Monday, Christopher Waller joined another influential policymaker, John Williams, in setting the stage for Federal Reserve easing next month.
Delayed economic data releases will start to flow in this week, helping with those calculations. On…