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Tech Stocks Lead as Rate-Cut Bets Keep Rally Alive | Closing Bell
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November 26, 2025
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6:50Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec.
Tech stocks led the climb in US equities as rising expectations for interest-rate cuts helped carry traders’ newfound optimism into the Thanksgiving break. The dollar slumped.
The S&P 500 rose 0.7% Wednesday, extending an advance into a fourth session after reclaiming its 50-day moving average, a key technical support. Volume on the equity benchmark was around 11% lighter than 30-day average for the time of day. The Nasdaq 100 ended the session up 0.9% after Nvidia Corp. bounced back from competitive fears over its AI processors.
Volatility took a breather with the VIX dropping around 35% over a four-day span, the steepest pullback in Wall Street’s fear gauge since mid April.
Treasuries softened after inital jobless claims for the week of Nov. 22 fell slightly, defying expectations for a modest increase. The yield on 10-year notes steadied around 3.99%. The dollar slid 0.3%.
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