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Barchart
Barchart
Rich Asplund

Stocks Supported by Strength in Tech and Fed Rate Cut Expectations

The S&P 500 Index ($SPX) (SPY) today is up by +0.61%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +1.51%.  December E-mini S&P futures (ESZ25) are up +0.61%, and December E-mini Nasdaq futures (NQZ25) are up +1.44%.

US stock indexes are pushing higher today on strength in technology stocks and rising expectations for a December Fed interest rate cut.  Semiconductor and AI-infrastructure stocks are adding to last Friday’s rebound after the sectors retreated on concerns over lofty valuations and whether heavy investment in artificial intelligence will boost profitability. 

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