Unknown
+80
GOOGL
Wall Street Roars Back As Rate-Cut Odds Surge — This Week In Markets
The stock market experienced a significant rally as expectations for a Federal Reserve rate cut surged to nearly 90% ahead of the Dec. 10 meeting, following a shift in tone from Fed officials. Alphabet Inc. became the world's third-largest publicly traded company with a market cap of $4 trillion, driven by optimism in its AI advancements, while General Motors Co. reached an all-time high of $72, marking a 37% increase year-to-date. In contrast, Nvidia Corp. faced challenges, concluding November as its worst month since March amid concerns over competition in the AI chip market.