Stock market today: Dow, S&P 500, Nasdaq futures edge up as Wall Street looks to keep rallying in…

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Stock market today: Dow, S&P 500, Nasdaq futures edge up as Wall Street looks to keep rallying into Thanksgiving

US stocks moved higher on Wednesday, notching their best four-day streak since May heading into the Thanksgiving holiday as Wall Street optimism grew over the odds of an interest-rate cut next month.

The Dow Jones Industrial Average (^DJI) rose 0.7%, over 300 points, while the S&P 500 (^GSPC) also moved up 0.7%. The tech-heavy Nasdaq Composite (^IXIC) added nearly 0.8%, following Tuesday's sharp gains.

Tech names have again helped to buoy the market. Alphabet (GOOG) shares slipped from record highs while Nvidia (NVDA) popped more than 1%, with both tech names reversing course from the previous session as competition within the AI chip space grew. Microsoft (MSFT), Tesla (TSLA), and Apple (AAPL) also rose.

U.S. stocks rise as Wall Street moves higher for a fourth straight day

U.S. stocks closed broadly higher Wednesday, extending Wall Street’s recent winning streak to a fourth straight day.

The S&P 500 rose 0.7%, the Dow Jones Industrial Average gained 0.7% and the Nasdaq composite added 0.8%.

Solid gains for technology companies led the rally, although the gains were widespread, with most of the sectors in the benchmark S&P 500 index finishing higher. Gainers also outnumbered decliners by more than 2 to 1 on the New York Stock Exchange.

U.S. markets have a shortened trading week due to the Thanksgiving holiday, closing on Thursday and opening for shorter hours on Friday.

The market’s recent rebound, fueled by investor hopes for another Federal Reserve interest rate cut in December, has helped erase most of the major indexes’ losses following a bout of selling earlier this month.

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