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Wall Street Soars: Mega-Cap Stocks Drive Gains Amid Rate Cut Hopes

11/28/2025

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Summary

Story summary

On November 26, 2025, Wall Street's main indexes rose for the fourth consecutive session, led by mega-cap stocks.
The S&P 500 and Nasdaq reached two-week highs, while the Dow approached its peak.
New jobless claims fell to 216,000, and core capital goods orders increased by 0.5%.
Traders expect an 84.9% chance of a Federal Reserve interest rate cut in December.
Despite gains, indexes are still facing their largest monthly losses since earlier this year.

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Story summary

On November 26, 2025, Wall Street's main indexes rose for the fourth consecutive session, led by mega-cap stocks.
The S&P 500 and Nasdaq reached two-week highs, while the Dow approached its peak.
New jobless claims fell to 216,000, and core capital goods orders increased by 0.5%.
Traders expect an 84.9% chance of a Federal Reserve interest rate cut in December.
Despite gains, indexes are still facing their largest monthly losses since earlier this year.