"The U.S. stock market rallied on Monday, at the start of a week with shortened trading because of the Thanksgiving holiday.The S&P 500 climbed 1.5% in one of its best days since the summer. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite jumped 2.7%.Stocks got a lift from rising hopes that the Fed will cut its main interest rate again at its next meeting in December, a move that could boost the economy and investment prices."
"Tokyo's Nikkei 225 picked up 0.1% to 48,659.52 as a plunge in technology giant SoftBank's shares weighed on the market. It fell 10.3% on concerns that returns from its heavy investments in OpenAI may be threatened by the next generation Gemini artificial intelligence model that Google launched last week.In South Korea, the Kospi gained 0.3% to 3,857.78. Taiwan's Taiex jumped 1.5%."
European and Asian stock markets mostly gained after a U.S. rally driven by investor expectations of an imminent Federal Reserve rate cut. Major European indexes moved modestly, with Germany's DAX down slightly while France's CAC 40 and Britain's FTSE 100 edged up. Asian markets advanced, led by Taiwan's Taiex and Hong Kong's Hang Seng; Tokyo's Nikkei rose modestly despite a 10.3% drop in SoftBank. Alibaba climbed ahead of earnings. U.S. indexes posted strong gains, with the S&P 500, Dow and Nasdaq boosted by AI-related stocks such as Alphabet and Nvidia. U.S. trading will be shortened for Thanksgiving.
Read at Fast Company
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