Tech Rally Lifts Wall Street as Traders Eye Fed Rate Cut Prospects
U.S. stock futures held steady Monday night following a broad market rebound, with tech stocks leading gains amid renewed Optimism for Federal Reserve rate cuts. The S&P 500 and Nasdaq Composite surged 1.6% and 2.7% respectively—the latter marking its best performance since May—as AI-related shares fueled the rally.
Attention remains fixed on macroeconomic cues that could sway the Fed's December policy decision. Earnings reports from major corporations including Alibaba, Nio, and Dell Technologies will provide fresh catalysts during this holiday-shortened trading week.