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U.S. Stock Futures Rise in Thanksgiving Week on Rate Cut Optimism
U.S. Stock Futures Rise in Thanksgiving Week on Rate Cut Optimism
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BTCCSquare news:
U.S. stock futures climbed at the start of Thanksgiving week, buoyed by growing speculation of a December interest rate cut. Nasdaq 100, S&P 500, and Dow Jones futures advanced 0.71%, 0.48%, and 0.19% respectively in early trading. The rally follows comments from New York Fed President John Williams, who signaled openness to rate reductions amid labor market concerns outweighing inflation risks.
Novo Nordisk shares tumbled 11% pre-market after its Alzheimer's drug trial failed primary endpoints. Investors now await earnings reports from Li Auto, Alibaba, and other major firms this week—a litmus test for consumer and tech sector resilience.
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