US stock market rises ahead of Thanksgiving as Dow, S&P 500, Nasdaq extend gains - Nvidia rebounds; Alphabet flirts with $4 trillion valuation
US stock market rose on Wednesday as the Dow gained 0.3% to 47,293, the S&P 500 added nearly 0.5%, and the Nasdaq climbed over 0.6% ahead of Thanksgiving. Nvidia recovered about 2% after Tuesdays 2.6% drop, while Alphabet eased slightly after a 1.6% jump that pushed it near a $4 trillion valuation. Traders priced in over an 80% chance of a December Fed rate cut as the Beige Book and earnings drove sentiment.
US stock market rose on Wednesday as the Dow gained 0.3% to 47,293, the S&P 500 added nearly 0.5%, and the Nasdaq climbed over 0.6% ahead of Thanksgiving. Nvidia recovered about 2% after Tuesdays 2.6% drop, while Alphabet eased slightly after a 1.6% jump that pushed it near a $4 trillion valuation. Traders priced in over an 80% chance of a December Fed rate cut as the Beige Book and earnings drove sentiment.
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